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What net sales revenue less cost of goods sold is called

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Reference no: EM132487801

Question 1: What Net sales revenue less cost of goods sold is called

a. gross margin.

b. net profit.

c. net income.

d. marginal income.

Question 2: Perry Company purchased merchandise from Emmett Company with freight terms of FOB shipping point. The freight costs will be paid by the

a. seller (Emmett Company)

b. buyer (Perry Company)

c. transportation company.

d. buyer and the seller

Reference no: EM132487801

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