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

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...

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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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