Which of the following events is most likely to have caused the increase in gross profit as a percentage of sales?
A: An increase in sales volume.
B: A decrease in sales volume.
C: Overstatement of the closing inventory.
D: Understatement of the closing inventory.
A: An increase in sales volume.
B: A decrease in sales volume.
C: Overstatement of the closing inventory.
D: Understatement of the closing inventory.
举一反三
- Which of the following is the correct formula for cost of sales? A: Opening inventory – purchases + closing inventory B: Purchases – closing inventory + sales C: Opening inventory + closing inventory – purchases D: Opening inventory – closing inventory + purchases
- Palamino Company had an $18,000 beginning inventory and a $21,000 ending inventory. Net sales were 200,000; purchases, $95,000; purchase returns and allowances, $6,000; and freight in,$8,000.What is Palamino's gross profit percentage (rounded to the nearest percentage)? （ ） A: 53% B: 9% C: 47% D: 11%
- Which of the following is a debit entry? A: Sales B: An increase in a liability C: A decrease in an asset D: An increase in cash
- By the end of October last year, the sales volume of the company(increase) ______ to $ 300,000.
- 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.