Which of the following is the correct formula for calculating gross profit percentage?
A) Net profit / Net sales revenue
B) Gross profit / Net sales revenue
C) Net sales revenue / Net profit
D) Net sales revenue / Gross profit
B) Gross profit / Net sales revenue
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Answer the following statements true (T) or false (F)
1. Depreciation is the allocation of a plant asset's cost to expense over its useful life. 2. An asset is considered to be obsolete when a newer asset can perform the job more efficiently 3. Depreciation means that the business sets aside cash to replace an asset when it is used up. 4. Residual value is also known as depreciable cost.
Identify the prepositional phrase or prepositional phrases in the sentence. Adam won his case against all odds
Avoid taking calls during business meetings
Indicate whether the statement is true or false
To be effective, firms need to
A. pursue visions that are exclusively financial and not aspirational. B. isolate top managers from the organizational values. C. increase their strategic flexibility by developing product-oriented vision statements. D. back up their visions with strategic commitments that are costly and difficult to reverse.