The FIN 301 Corporation has sales of $2,000.000 and a gross profit margin of .40. The firms

Question:

The FIN 301 Corporation has sales of $2,000.000 and a gross profit margin of .40. The firms cost of goods sold must be __________.

a. 800,000

b. 400,000

c. 1, 600, 000

d. 1,200,000

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...