Sales minus cost of goods sold is referred to as: O Total costs O Contribution margin O Gross margin O Profit
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'8_ The difference between total sales in dollars and total cost of goods sold is called: A: net operating income. B net profit: C. the gross margin_ D. the contribution margin.'
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What term is given to the difference between sales revenue and the cost of goods sold?
Contribution margin is a. computed as profit minus fixed costs. b. the same as sales revenue. c. computed as sales minus variable costs. d. computed as sales minus fixed costs.
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