The gross margin percentage is equal to:
A. Net operating income/Sales
B. (Net operating income + Selling and administrative expenses)/Sales
C. Cost of goods sold/Sales
D. Cost of goods sold/Net income
Answer: B
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When the document is in the custody of a public office:
a. it is permissible to obtain photocopies, which are considered secondary evidence, in a court of law. b. copies of the document should be made but kept separate from the original document. c. the document (or a copy) cannot be used as evidence, in a court of law. d. a summary of the document will suffice.
The role of ________ is to ensure that those who enter into the marketplace are playing by the rules and conforming to the very conditions that ensure the market functions as it is supposed to function.
Fill in the blank(s) with the appropriate word(s).
What does “working the plan” entail?
What will be an ideal response?
The ________ doctrine says that if the property a testator leaves is insufficient to satisfy all the beneficiaries named in a will and there are both general and residuary bequests, the residuary bequest is paid last
A) ademption B) inter vivos C) abatement D) adjournment