Answered: Which of the following will increase…

Which of the following will increase the gross profit of the merchandising business? Increase in freight-in Decrease in purchase return Increase in purchase discount Decrease in freight-out

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter10: Cash Receipts And Cash Payments

Section: Chapter Questions

Problem 3QY

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Which of the following will increase the gross profit of the merchandising business?

Increase in freight-in
Decrease in purchase return
Increase in purchase discount
Decrease in freight-out

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