Katz Group Had the Following Income Statement for the Month

question 156

Multiple Choice

Katz Group had the following income statement for the month of May.
$\begin{array}{l}\text { Sales revenue } &&\$428,000\\\text { Cost of goods sold } &&205,440\\\text { Gross margin }&&222,560\\\text { Less: }\\&\text { Selling expenses }&81,320\\&\text { Administrative expenses }&72,760\\\text { Operating income }&&\$68,480\end{array}$
-Refer to the Figure.What was the sales revenue percentage?

• A)16%
• B)48%
• C)52%
• D)100%

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Definitions:

Coalition

A temporary alliance or partnership between individuals, groups, or countries, particularly formed for specific goals or to address certain issues.

Legitimacy

The perception or belief that an action, entity, or governance structure has a rightful place within a moral, legal, or constructed framework.

Ambiguous

Something that can be understood or interpreted in more than one way; not having a single clear meaning.

Soft Influence Tactics

Strategies used to sway or influence others through appeal, friendliness, or other non-coercive means.