Katz Group
Katz Group Had the Following Income Statement for the Month

question 20

Multiple Choice

Katz Group
Katz Group had the following income statement for the month of May. $\begin{array}{lr}\text { Sales revenue } & \$ 428,000 \\\text { Cost of goods sold } & 205,440 \\\text { Gross margin } & 222,560\\\text { Less: }\\\text { Selling expenses } & 81,32 0\\\text { Administrative expenses } & 72,760\\\text { Operating income }&\$68,480\end{array}$
-Refer to Katz Group. What was the gross margin percentage?

• A) 17%
• B) 19%
• C) 48%
• D) 52%

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Definitions:

Generalized Anxiety Disorder

Generalized Anxiety Disorder is a mental health condition characterized by persistent and excessive worry about various aspects of daily life, often accompanied by physical symptoms like fatigue, restlessness, or sleep disturbances.

Specific Phobia

An irrational fear and avoidance of a particular object, situation, or activity that is generally not harmful.

Social Anxiety Disorder

A long-term psychological disorder where engaging in social interactions triggers unreasonable fear and anxiety.

Narrow or Broad

Refers to the scope or extent of something, which can be limited and specific (narrow) or wide and inclusive (broad).