Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company had sales of $ 5 0 0 , 0 0 0 , cost of goods sold of $ 3 0 0 , 0

A company had sales of $500,000, cost of goods sold of $300,000, and operating expenses of $100,000. What is the companys gross profit margin?
A)60%
B)40%
C)20%
D)50%
Dont used chart got

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Management Accounting Chapters 1 To 14

Authors: Charles T Horngren, Gary L Sundem, William O Stratton, Dave Burgstahler, Jeff Schatzberg

15th Edition

0136102778, 9780136102779

More Books

Students also viewed these Accounting questions

Question

What is t he nervous syst em? (p. 1 9)

Answered: 1 week ago

Question

In bargaining, does it really matter who makes the first offer?

Answered: 1 week ago