Gross margin is $7000 and revenues are $16000, then cost of goods sold would be
A. $23,000
B. -$23000
C. -$9000
D. $9,000
Answer: Option D
Solution(By Examveda Team)
Cost of goods sold = Revenues - Gross margin= $16000 - $7000 = $9,000.
This Question Belongs to Management >> Management Accounting
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