The company’s bottom line dropped because
A: sales revenue decreased.
B: cost of goods sold increased.
C: the government raised taxes.
D: there was an error in the P & L.
A: sales revenue decreased.
B: cost of goods sold increased.
C: the government raised taxes.
D: there was an error in the P & L.
举一反三
- The gross profit percentage is calculated as: A: cost of goods sold divided by net sales revenue. B: net sales revenue minus gross profit on sales. C: net sales revenue minus cost of goods sold. D: gross profit divided by net sales revenue.
- Theof sales revenue over cost of goods sold is called or gross profit. Gross indicates that thehave not been .
- Which of the following defines the Bottom Line? A: The lowest level sales can fall to if the company is to stay profitable. B: Profit remaining after all costs of the company have been paid. C: The gross figure of all revenue earned in the statement period. D: The cost of materials required to manufacture the goods that were sold.
- Which of the following changed year over year? A: sales volume B: sales cost C: variable sales D: cost of goods sold
- Whenever direct material, direct labor, and manufacturing overhead are recorded on a job cost record, an associated journal entry is made to debit which of the following accounts? （ ） A: Sales Revenue B: Finished Goods Inventory C: Cost of Goods Sold D: Work in Process Inventory