The amount paid for the merchandise by the retailer is the
A) cost of goods sold.
B) gross margin.
C) operating expense.
D) fixed expense.
E) variable expense.

Name: The amount paid for the merchandise by the retailer is the A) cost of goods sold. B) gross margin. C) operating expense. D) fixed expense. E) variable expense.
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Question

Quizplus · Accepted Answer

Cost of goods sold (COGS) is the amount a retailer pays to vendors for the merchandise the retailer sells.

The Amount Paid for the Merchandise by the Retailer Is