If gross margin is $2000 and revenue is $5000, then cost of goods sold would be
A. -$8000
B. $3,000
C. -$3000
D. $8,000
Answer: Option B
Solution(By Examveda Team)
Cost of goods sold = Revenue - Gross margin= $5000 - $2000 = $3,000.
This Question Belongs to Management >> Management Accounting
Related Questions on Management Accounting
A. resourcing
B. value acquiring
C. production
D. value acquaintance
Examining of past performance, exploring alternative and planning future is
A. learning
B. alternating
C. examining
D. deciding
Time that a company takes to create and produce a new product is classified as
A. management factor
B. time factor
C. customer factor
D. chain factor
Purpose of management accounting is to
A. past orientation
B. help banks make decisions
C. help managers make decisions
D. help investors make decision
Join The Discussion