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:

TNC

Transnational Corporation; a large company that operates in multiple countries across the globe.

Economic Gains

Increases in wealth, financial health, or resources, often measured in terms of income, profits, or value.

National Boundaries

Geographically defined borders that separate the territory of one nation-state from another.

Developing Countries

Nations with lower living standards, underdeveloped industrial bases, and low Human Development Index relative to other countries.