A Company Has Net Sales of $825,000 and Cost of Goods

question 54

Multiple Choice

A company has net sales of $825,000 and cost of goods sold of $547,000.Its net income is $98,500.The company's gross margin and operating expenses,respectively,are:

• A)$209,000 and $191,470
• B)$278,000 and $179,500
• C)$278,000 and $98,500
• D)$179,500 and $98,500
• E)$645,500 and $179,500

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Definitions:

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Real-Life System

Refers to complex, operational systems that function in the real world, often encompassing human, technological, and environmental components.

Time-Consuming

Activities or processes that require a significant amount of time to complete, often implying inefficiency or labor intensity.

Real-World Complications

Challenges or issues that arise in practical situations outside of controlled or theoretical environments.