analysis

accounting

  1.  
    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
  2.  
    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
  3.  
    Sales is $100000 gross profit is $5000.COGS is .....
    A. $105000 B. 50000 C. $95000 D. 5000
  4.  
    Bad debts impacts which expense %
    A. distribution B. administration C. finance D. Accounts receivable
  5.  
    An increase in loans would impact which expense %
    A. distribution B. administration C. current liabilities D. finance
  6.  
    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
  7.  
    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
Answer Key
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analysis (Answer Key)

accounting

  1.  
    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
  2.  
    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
  3.  
    Sales is $100000 gross profit is $5000.COGS is .....
    A. $105000 B. 50000 C. $95000 D. 5000
  4.  
    Bad debts impacts which expense %
    A. distribution B. administration C. finance D. Accounts receivable
  5.  
    An increase in loans would impact which expense %
    A. distribution B. administration C. current liabilities D. finance
  6.  
    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
  7.  
    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

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