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Which gross margin equals the difference between net sales a

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Reference no: EM132818012

Problem 1: A merchandiser will earn an operating income of exactly zero when

a. Cost of goods sold equals gross margin.

b. gross margin equals operating expenses.

c.net sales equals cost of goods sold.

d.operating expenses equal net sales.

Problem 2: Gross margin equals the difference between net sales and

a. cost of goods sold.

b. Cost of goods sold plus operating expenses.

C.operating expenses.

d. profit.

Reference no: EM132818012

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