The difference between a department's gross profit and its direct operating expenses is known as the
a. departmental gross profit.
b. departmental operating income.
c. departmental operating expenses.
d. departmental direct operating margin.
d
You might also like to view...
Who monitors the validity of comments made on social media?
A) The Federal Trade Commission B) Individual businesses C) Yelp D) Social Trends Report E) The Lanham Act
During an episode of the TV show Everybody Loves Raymond, Ray knocked over an entire display of Ragu Express, a packaged pasta-and-sauce meal, when he was in the supermarket with his wife
What style of advertising was implemented during this television scene? Explain your answer.
According to Maslow's hierarchy of needs, people generally satisfy lower level needs before they move on to higher level needs
Indicate whether the statement is true or false
Judy believed that Ray and Don were partners in an automotive repair business. Ray and Don were not partners. Ray owned the business as a sole proprietor. Ray, however, allowed Don, his unemployed brother-in-law, to be around the business. When Judy was having her car repaired, Ray told her "my partner here, Don, will give you a ride to work this morning so you can leave your car here. He will
give you a ride back here after work and your car will be done." Judy allowed Don to drive her to work. While riding with Don, Don accidentally ran a stop light and caused an accident. Judy was hurt and claims that both Don and Ray are liable to her. Is she right? a. Yes. This illustrates a partnership by estoppel. b. No. Don was not a partner in the business. c. No. Don was a dissociated partner. d. No. There was no intent to have a partnership.