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Searls Corporation, a Merchandising Company, Reported the Following Results for July

Question 42

Multiple Choice

Searls Corporation, a merchandising company, reported the following results for July: Searls Corporation, a merchandising company, reported the following results for July: Cost of goods sold is a variable cost in this company. The gross margin for July is: A) $1,618,100 B) $699,300 C) $359,900 D) $534,600 Cost of goods sold is a variable cost in this company. The gross margin for July is:


A) $1,618,100
B) $699,300
C) $359,900
D) $534,600

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