A company reported revenues of $382,000, cost of goods sold of $125,000, selling expenses of $16,000, and total operating costs of $74,000. Gross margin for the year is ________.
A) $257,000
B) $241,000
C) $167,000
D) $292,000

Name: A company reported revenues of $382,000, cost of goods sold of $125,000, selling expenses of $16,000, and total operating costs of $74,000. Gross margin for the year is ________. A) $257,000 B) $241,000 C) $167,000 D) $292,000
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Question

Quizplus · Accepted Answer

$382,000 - $125,000 = $257,000

A Company Reported Revenues of $382,000, Cost of Goods Sold