I 14. Gilbert & Madigan CPAs is a local fimm in Mattoon. Sales for the firm in 2016 were 500,000. IF COGS was 50%, the Gross Margin for this service firm was: A. 250,000 B. 1,000,000 C. 250,000 D. None of the Above Answers 15. To increase your chances of getting a good position, you decide to acquire the CFE certification. CFE stands for: A. Central Fraud Examiner B. Certified Forensic Examiner C. Certified Financial Examiner D. None of the Above 16. You are a manager at Macy's in Chicago. You are trying to reduce costs by determining the utility costs of all the departments within the Chicago superstore. You base this determination on the amount of hours the department is open. This is an example of allocating costs. A. True B. False 17. Assume that you are part of this real-world situation: You have been hired as a manager for Pizza Hut. Your district manager asks you to put together a small presentation showing your performance for his upcoming visit. Here are some things that you can put in your presentation: A. Compare your store with other Pizza Hut stores B. Compare your store with other Papa John stores C. Compare your store numbers in 2015 with 2014 D. All of the Above