________ is the excess of sales over the cost of goods sold.
A) Gross margin
B) Contribution-margin ratio
C) Variable-cost ratio
D) Contribution margin

Question

Quizplus · Accepted Answer

Gross margin is calculated as sales revenue minus cost of goods sold. It is a measure of how much a company earns from its sales after deducting the cost of goods sold. Therefore, option A is the correct answer. The other options are not relevant in this context.

________ Is the Excess of Sales Over the Cost of Goods