Katz Group Had the Following Income Statement for the Month

question 167

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 cost of goods sold percentage?

• A)19%
• B)48%
• C)52%
• D)100%

Apply probability concepts to real-world scenarios, such as business processes and statistical reports.

Compare and contrast discrete and continuous random variables.

Calculate probabilities involving normal distributions based on given means and standard deviations.

Understand and apply the concept of descriptive statistics.

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Definitions:

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