A Merchandiser Will Earn an Operating Income of Exactly $0

question 131

Multiple Choice

A merchandiser will earn an operating income of exactly $0 when

• A)gross margin equals operating expenses.
• B)net sales equals cost of goods sold.
• C)cost of goods sold equals gross margin.
• D)operating expenses equal net sales

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Definitions:

Power Plants

Facilities where various forms of energy (nuclear, fossil, renewable) are converted into electricity.

Landfill

A designated area for the disposal of waste materials by burial.

Garbage

Waste material, especially discarded food items, that is considered worthless or of no value.

Toxic Substances

Materials or chemicals that can cause harm to organisms and the environment if ingested, inhaled, or absorbed through the skin.