Gross margin is added to cost of sold goods to calculate
A. revenues
B. selling price
C. unit price
D. bundle price
Answer: Option A
Solution(By Examveda Team)
Gross margin is added to cost of sold goods to calculate revenues. Revenue is the income generated from normal business operations and includes discounts and deductions for returned merchandise. It is the top line or gross income figure from which costs are subtracted to determine net income.This Question Belongs to Management >> Management Accounting
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