Brig Company Had $800,000 in Net Sales, $350,000 in Gross

question 61

Multiple Choice

Brig Company had $800,000 in net sales, $350,000 in gross profit, and $200,000 in operating expenses. Cost of goods sold equals:

• A) $150,000.
• B) $450,000.
• C) $800,000.
• D) $350,000.
• E) $200,000.

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Definitions:

Fourteen Points

A statement of principles for peace used for peace negotiations in order to end World War I, proposed by American President Woodrow Wilson.

Peace Conference

A meeting held with the aim of resolving conflicts and establishing peace between disagreeing or warring parties.

Committee on Public Information

An independent agency of the U.S. government created during World War I to influence public opinion and promote support for the war through propaganda.

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Fundamental rights and freedoms protected by law from governmental interference or deprivation.