This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A loss will occur if expenses exceed: a. Gross sales b. Gross margin c. Net sales d. ... (Read 124 times)

newyorker26

  • Hero Member
  • *****
  • Posts: 536
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tuwy

  • Sr. Member
  • ****
  • Posts: 336
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

  • Member
  • Posts: 536
Reply 2 on: Sep 11, 2018
Thanks for the timely response, appreciate it

amynguyen1221

  • Member
  • Posts: 355
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Examples of covalent modifications that occur to the amino terminal tails of histone proteins. The a Examples of covalent modifications that occur to the amino terminal tails of histone proteins. The a
The nurse needs to inform the patient with impaired vision when a touch is to occur and ask permissi The nurse needs to inform the patient with impaired vision when a touch is to occur and ask permissi
Potential Consequences of Estrogen Loss Related to Menopause Potential Consequences of Estrogen Loss Related to Menopause
Tornado Destruction - Loss of Life Tornado Destruction - Loss of Life
Pus-forming infection. Such infections occur more frequently in individuals with immunoglobulin ... Pus-forming infection. Such infections occur more frequently in individuals with immunoglobulin ...
Loss of a Shoot Tip Ends Dormancy in Lateral Buds Loss of a Shoot Tip Ends Dormancy in Lateral Buds
Video: Spinal Cord Injury Animation

For a complete list of videos, visit our video library