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Author Question: A company reported revenues of $382,000, cost of goods sold of $125,000, selling expenses of ... (Read 89 times)

cmoore54

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Question 1

A company reported revenues of $377,000, cost of goods sold of $122,000, selling expenses of $12,000, and total operating costs of $72,000. Gross margin for the year is ________.
◦ $255,000
◦ $243,000
◦ $171,000
◦ $293,000

Question 2

A company reported revenues of $382,000, cost of goods sold of $125,000, selling expenses of $16,000, and total operating costs of $74,000. Gross margin for the year is ________.
◦ $257,000
◦ $241,000
◦ $167,000
◦ $292,000


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Marked as best answer by cmoore54 on Mar 6, 2021

jesse.fleming

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cmoore54

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review


Mochi

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Reply 3 on: Yesterday
Gracias!

 

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