An increase in profit when accompanied with a decrease in net sales will increase profit margin.
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Q50: Non operating expenses are any expenses which
Q51: In the periodic system of accounting, the
Q52: An increase in sales will always increase
Q53: In a periodic inventory system, detailed records
Q54: Gross profit margin is net sales divided
Q56: Gross profit margin is calculated by dividing
Q57: A company can improve its profit margin
Q58: To increase their gross profit margin, a
Q59: Purchases is a temporary account reported on
Q60: Under a periodic inventory system, the inventory
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