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analysis
accounting
Instructions:
-
Cost of an item is $5,mark-up is 120%. What is the selling price
A. $11
B. $6.20
C. $10.40
D. $17
-
Sales has increased by a greater proportion than profit. Net profit % has....
A. decreased
B. increased
C. stayed the same
D. cant say
E. moved to canada
-
Sales is $100000 gross profit is $5000.COGS is .....
A. $105000
B. 50000
C. $95000
D. 5000
-
Bad debts impacts which expense %
A. distribution
B. administration
C. finance
D. Accounts receivable
-
An increase in loans would impact which expense %
A. distribution
B. administration
C. current liabilities
D. finance
-
A loan to extend a shop could lead to a decrease in profit if
A. sales increased
B. interest rates fell
C. interest increased more than sales
D. COGS fell
-
a cheaper supplier could mean a business could...
A. lower prices without changing mark-up
B. increase prices by lowering mark-up
C. keep prices the same without changing mark-up
D. increase COGS
analysis
(Answer Key)
accounting
Instructions:
-
Cost of an item is $5,mark-up is 120%. What is the selling price
A. $11
B. $6.20
C. $10.40
D. $17
-
Sales has increased by a greater proportion than profit. Net profit % has....
A. decreased
B. increased
C. stayed the same
D. cant say
E. moved to canada
-
Sales is $100000 gross profit is $5000.COGS is .....
A. $105000
B. 50000
C. $95000
D. 5000
-
Bad debts impacts which expense %
A. distribution
B. administration
C. finance
D. Accounts receivable
-
An increase in loans would impact which expense %
A. distribution
B. administration
C. current liabilities
D. finance
-
A loan to extend a shop could lead to a decrease in profit if
A. sales increased
B. interest rates fell
C. interest increased more than sales
D. COGS fell
-
a cheaper supplier could mean a business could...
A. lower prices without changing mark-up
B. increase prices by lowering mark-up
C. keep prices the same without changing mark-up
D. increase COGS