Berg Tooling Reports Net Sales of $325,000,gross Profit of $175,000,and

question 7

Multiple Choice

Berg Tooling reports net sales of $325,000,gross profit of $175,000,and net income of $15,000.The company's cost of goods sold is:

• A)$135,000.
• B)$150,000.
• C)$140,000.
• D)$125,000.

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Definitions:

Shipped On Time

The process of delivering goods to their destination by the promised time frame.

Ease Of Doing Business

An index that measures the regulatory environment of a country and its impact on the ability to start, operate, and close a business.

Customer Relationship Management

A strategy for managing an organization's relationships and interactions with customers and potential customers.

Customer Satisfaction

The degree to which a product or service meets or exceeds customer expectations.