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Solve Gross Margin Calculations Multiple Choice Questions (MCQ), gross margin calculations quiz answers PDF worksheet, cost accounting practice test for online courses. Learn financial ratios analysis Multiple Choice Questions and Answers (MCQs), "Gross Margin Calculations" quiz questions and answers for online college classes. Learn breakeven point and target income, contribution margin calculations, contribution margin versus gross margin test prep for online business administration degree.

"If the cost of goods sold is \$8000, the gross margin is \$5000 then the revenue will be" Multiple Choice Questions (MCQ) on gross margin calculations with choices \$13,000, −\$13000, \$3,000, and −\$3000 for online college classes. Practice gross margin calculations quiz questions fmerit scholarship test and certificate programs for online colleges for business management. Gross Margin Calculations Video

MCQ: If the cost of goods sold is \$8000, the gross margin is \$5000 then the revenue will be

1. \$13,000
2. −\$13000
3. \$3,000
4. −\$3000

A

MCQ: If the gross margin is \$6000 and the total revenue is \$26000, then the gross margin percentage will be

1. 23.08%
2. 24.08%
3. 25.08%
4. 26.08%

A

MCQ: The gross margin is \$7000 and the revenues are \$16000, then the cost of goods sold would be

1. \$23,000
2. −\$23000
3. −\$9000
4. \$9,000

D

MCQ: If the fixed cost is \$20000, the target operating income is \$10000 and the contribution margin per unit is \$1200 then required units to be sold will be

1. 55 units
2. 45 units
3. 35 units
4. 25 units

D

MCQ: If the contribution margin per unit is \$40 per unit and selling price is \$200, then the contribution margin percentage would be

1. 20%
2. 10%
3. 22%
4. 16%

A