Which of the following DOES NOT describe gross margin?
A) It can be expressed as a percentage of net sales.
B) It is the profit on the goods sold excluding the operating expenses.
C) It is also referred to as gross profit.
D) It is a performance measurement.
E) It is a measure of return on assets.
Correct Answer:
Verified
Q14: Top down planning means that goals are
Q15: What does asset turnover measure?
A)return on assets
B)net
Q16: The strategic profit model uses return on
Q17: The amount paid for the merchandise by
Q18: Which of the following does NOT describe
Q20: Buildings,display fixtures,shopping carts,and cash registers would be
Q21: advertising of $500. Calculate the gross margin
Q22: Which of the following is an operating
Q23: Why would a discount store have a
Q24: Candle in the Wind is a store
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents