Which one of the following factors would cause the gross profit % to rise? A. Increasing sales B. Increasing costs C. Increased competition D. Increased supplier discounts

During periods of rising prices, which method (FIFO-LIFO-AVCO) results in the highest gross profit? Why?

Which of the following is a TRUE statement about sales mix? Select one: O A. Profits will remain constant with an increase in total monetary sales if the total sales in units remains constant. OB. Profits may decline with an increase in total monetary sales if the sales mix shifts to sell more of the high contribution margin product. O C. Profits will remain constant with a decrease in total monetary sales if the sales mix also remains constant. O D. Profits may decline with an increase in total monetary sales if the sales mix shifts to sell more of the lower contribution margin product.

which of the following occurs if a company decreases its selling price per unit? a. net income increase b. more than one of the answers would occur c. contribution margin ration increase d. break even point increase e. contribution magrin increase

Suppose sales volume increase by the same percentage for Company X and Company Y. Use CVP analysis to explain which company will experience a larger percentage increase in profits? Company X - Dominated by fixed expenses; or Company Y - Dominated by variable expenses.

which one of the following will tend to increase the length of the credit period? Decrease in Product cost Decrease in consumer demand  Decrease in collateral value Increase in credit risk Increase in product standardization

When sales volume is rising do companies with a larger percentage of variable expenses or companies with a larger percentage of fixed expenses experience a larger percentage increase in profit? Explain your reasoning.

The margin of safety can be defined as the amount by which sales can decrease beforelosses are incurred by the company.TRUEFALSE

A negative trend in Gross Margin may indicate that Cost of Sales is decreasing.  Group of answer choices True False

What ratio indicates the percentage of each sales dollar that is available to cover fixed costs and to provide a profit? A. Margin of safety ratioB. Contribution margin ratioC. Costs and expenses ratioD. Profit ratio