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:

Divine Plan

A belief in a predetermined course of events controlled or envisioned by a supernatural power.

Stoics

Adherents of Stoicism, an ancient Greek philosophy that teaches the development of self-control and fortitude as a means of overcoming destructive emotions.

Preconceived

Ideas, opinions, or judgments formed in advance without adequate evidence or experience.

Psychological Hedonist

Someone who believes that the pursuit of pleasure is the most important motivation for human actions.