Sales total ($ 445,000), cost of goods sold is ($ 220,000), and operating expenses are ($ 175,000).

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Sales total $\$ 445,000$, cost of goods sold is $\$ 220,000$, and operating expenses are $\$ 175,000$. How much is gross margin?

a. $\$ 445,000$

b. $\$ 50,000$

c. $\$ 270,000$

d. $\$ 225,000$

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Horngrens Accounting Volume 1

ISBN: 9780135359709

11th Canadian Edition

Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol Meissner, JoAnn Johnston, Peter Norwood

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Question Posted: May 08, 2024 12:02 PM

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Sales total ($ 445,000), cost of goods sold is ($ 220,000), and operating expenses are ($ 175,000).

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Horngrens Accounting Volume 1

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