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Author Question: A loss will occur if expenses exceed: a. Gross sales b. Gross margin c. Net sales d. ... (Read 184 times)

newyorker26

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on: Sep 11, 2018
A loss will occur if expenses exceed:
 
  a. Gross sales
  b. Gross margin
  c. Net sales
  d. Contribution expenses

Question 2

The relationships among these three factors, which are shown in skeletal statements, are used to determine a profit or loss:
 
  a. Net sales and expenses
  b. Net sales, cost of merchandise sold, and gross margin
  c. Direct and direct expenses, gross margin, and cost of merchandise sold
  d. Net sales, expenses, and cost of merchandise sold


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tuwy

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Reply #1 on: Sep 11, 2018
Answer to Question 1

b. Gross margin

Answer to Question 2

d. Net sales, expenses, and cost of merchandise sold


newyorker26

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  • Posts: 536
Reply 2 on: Sep 11, 2018
YES! Correct, THANKS for helping me on my review

aliotak

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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