HomeManagementGross margin is $7000 and revenues are $16000, then cost of goods sold would be 458. Gross margin is $7000 and revenues are $16000, then cost of goods sold would beBy Admin / September 23, 2025 A. $23,000 B. -$23000 C. -$9000 D. $9,000 ✅ The correct answer is option D. Cost of goods sold = Revenues – Gross margin = $16000 – $7000 = $9,000.
1. Cost allocation base used by an operating manager is classified as Leave a Comment / Management, Management Accounting MCQs / By Admin
2. Which of the following is a key external factors that should be taken into account by a corporate strategy? Leave a Comment / Management, Strategic Management MCQs / By Admin