Question 15 (Mandatory) (1 point) A 30% gross profit percentage means that: for each dollar of sales, the company has a cost of goods sold of seventy cents. for each dollar of sales, the company has a gross profit of thirty cents. for each dollar of sales, the company has a cost of goods sold of thirty cents. A and B Question 16 (Mandatory) (1 point) The cost-of-goods-sold model is: beginning inventory, plus purchases, less ending inventory equals cost of goods sold. beginning inventory, less purchases, less ending inventory equals cost of goods sold. beginning inventory, less purchases, plus ending inventory equals cost of goods sold. beginning inventory, plus purchases, plus ending inventory equals cost of goods sold