Asked by Matthew Mitrano on Jul 04, 2024
Verified
The gross margin for September was:
A) $2,122,900
B) $2,591,500
C) $1,627,700
D) $4,347,000
Gross Margin
The difference between sales revenue and the cost of goods sold, divided by revenue, expressed as a percentage, indicating the financial health and profitability of a company's core activities.
- Understand how to calculate and analyze gross margin.
Verified Answer
DJ
Deena JefanJul 06, 2024
Final Answer :
B
Explanation : 
Reference: CH01-Ref41
Delongis Corporation, a merchandising company, reported the following results for June:
Cost of goods sold is a variable cost in this company.
Reference: CH01-Ref41Delongis Corporation, a merchandising company, reported the following results for June:
Cost of goods sold is a variable cost in this company.
Learning Objectives
- Understand how to calculate and analyze gross margin.
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