Profit margin indicates the portion of sales that
a. covers fixed expenses.
b. is not used to cover expenses.
c. equals contribution margin.
d. equals product contribution margin.
B
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Which of the following is an example of a direct materials cost standard?
A) $40 per direct labor hour B) 50 square feet per unit C) $0.95 per square foot D) 6 direct labor hours per unit
If sales for 2008 (the base year), 2009, and 2010 are $20,000, $15,600, and $26,000, respectively, the index numbers assigned to 2009 and 2010, respectively, are
a. 62.4 and 135. b. 156 and 125. c. 128.2 and 140. d. 78 and 130.
Periodic review systems are ______.
A. characterized by weekly, monthly, or annual physical counts of inventory B. best suited for businesses that sell high-volume products C. systems where inventory is replenished halfway during a consumption cycle D. systems where the entire inventory of a product is ordered by a single customer
Define relational databases.
What will be an ideal response?