(e) When sales increase by 1%, which of the following should increase by more than 1% in a merchandising company? (You may selectmore than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double clickthe box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automaticallygraded as incorrect.)V Variable costFixed costcesGross marginContribution marginNet operating income (d) When sales increase by 1%, which of the following should also increase by 1% in a merchandising company? (You may select morethan one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click thebox with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically gradedas incorrect.)V Variable costV Fixed costV Gross marginV Contribution marginV Net operating income

Sales - Variable cost = Contribution margin - Fixed cost = Net operating income Sales - cost of…

(e) When sales increase by 1%, which of the following should increase by more than 1% in a merchandising company? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) Variable cost Fixed cost Gross margin V Contribution margin V Net operating income

(e) When sales increase by 1%, which of the following should increase by more than 1% in a merchandising company? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) Variable cost Fixed cost Gross margin V Contribution margin V Net operating income

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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