The gross profit ratio measures:
A. The amount by which the sale of inventory exceeds its cost per dollar of sales.
B. The ratio of net income to net sales.
C. How quickly the company receives inventory from its suppliers.
D. How many times during the year a company sells its average inventory balance.
Answer: A
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With this type of response, you analyze or teach the sender about the cause of his or her concern
A) paraphrasing B) interpreting C) questioning D) evaluating
During the current year, Simpson, Inc. incurred $9,000 in fixed costs and $13,000 in variable costs. If the number of units produced is halved next year, the company will incur $4,500 as fixed costs and $6,500 as variable costs
Indicate whether the statement is true or false
Regular production costs $13 per unit and selling a unit represents a cash inflow of $28 per unit. Assume that all units reflected on the forecast will be sold. What is the cumulative net cash flow through March?
Month Forecast Regular Production January 250 250 February 200 200 March 300 300 April 400 400 A) $11,250 B) $4,500 C) $8,400 D) $3,900
The phenomenon where nonunion management continues to enjoy the freedom from union "interference" in decision making and the workers receive the rewards already obtained by their unionized counterparts is known as
A. the equal mirror effect. B. an experience differential. C. the spillover effect. D. automatic progression.