A Company Had Net Sales of $82,000,cost of Goods Sold

question 174

Multiple Choice

A company had net sales of $82,000,cost of goods sold of $70,000,and other expenses of $2,000.Its gross margin ratio equals:

• A)85.37%.
• B)2.44%.
• C)14.63%.
• D)16.67%.
• E)683.33%.

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Definitions:

Unconscious

Part of the mind that is not within the individual's conscious awareness, affecting behaviors and feelings.

Structural System

A framework or method used to organize, design, or conceptualize components in physical or abstract systems.

TAT

The Thematic Apperception Test, a projective psychological test used to reveal a person's social drives or needs by their interpretation of a series of pictures of ambiguous scenes.

Inkblots

Utilized in the Rorschach test, these are symmetrical ink patterns generated randomly to evaluate psychological interpretation and emotional functioning.