A company reported revenues of $375,000, cost of goods sold of $121,000, selling expenses of $14,000, and total operating costs of $71,000. Gross margin for the year isO A. $240,000O B. $169,000OC. $254,000OD. $290,000

Solution.. Sales revenue = $375,000 Cost of goods sold = $121,000 Gross margin = ? Gross…

Answered: mg expenses 8f $14,000, änd tötal…

mg expenses 8f $14,000, änd tötal operating costs of $71,000. Gross margin for the year is O A. $240,000 OB. $169,000 OC. $254,000 OD. $290,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A company reported revenues of $375,000, cost of goods sold of $121,000, selling expenses of $14,000, and total operating costs of $71,000. Gross margin for the year is
O A. $240,000
O B. $169,000
OC. $254,000
OD. $290,000

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