Author Question: _____ is (are) the difference between net sales and cost of goods sold. a. Gross margin b. Gross ... (Read 249 times)

madam-professor · **on:** Jun 29, 2018

_____ is (are) the difference between net sales and cost of goods sold.
a. Gross margin
b. Gross sales
c. Operating profit
d. Net profit
e. Operating margin

Question 2

A merchandise budget is a plan of:
a. projected sales for an upcoming season, when and how much merchandise is to be purchased, and what segments of the market to target.
b. projected sales for an upcoming season when and how much merchandise is to be purchased, and what markups and reductions will likely occur.
c. projected sales for an upcoming season, when and how much merchandise is to be purchased (excluding potential markups and reductions).
d. projected sales for an upcoming year, when and how much merchandise is to be purchased, and what reductions will likely occur.
e. projected reductions for the upcoming season.