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1. The COGS (Cost of good sold) reflected on the income statement is the same COGS we use in the development of a MCS. a.
1. The COGS (Cost of good sold) reflected on the income statement is the same COGS we use in the development of a MCS. a. True b. Falsie. 2. A retailers gross margin on a $150 item is $40. Calculate GMC as a percentage. a. 26.67% b. 73.33% c. None of the abpve but can be calculated with given information. d. None of the above and can not be calculated with given information.
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