________ Is the Excess of Sales Over the Cost of Goods

question 36

Multiple Choice

________ is the excess of sales over the cost of goods sold.

• A) Gross margin
• B) Contribution-margin ratio
• C) Variable-cost ratio
• D) Contribution margin

Recognize the importance of reader benefits and goodwill in business communication.

Identify proper strategies for summarizing documents and messages.

Understand the appropriate use of subject lines and their composition.

Comprehend how to effectively communicate changes and decisions within an organization.

---

Definitions:

Reversing Entries

Journal entries made at the beginning of an accounting period to reverse or cancel out adjusting entries made at the end of the previous accounting period.

Accounting Period

A specific time period for which financial information is reported, typically a year, quarter, or month.

Transracial Adoptions

The adoption of a child that is of a different race or ethnic background from the adoptive parents, highlighting the diversity within families.

Open Adoption

The practice of sharing information and maintaining contact between biological and adoptive parents throughout the child’s life.