A Financial Indicator Used to Compare the Increase in Sales

question 317

Multiple Choice

A financial indicator used to compare the increase in sales of stores that have been open for the same period of time is referred to as

• A)return in investment.
• B)percentage of markup.
• C)gross profit.
• D)sales per square foot.
• E)same-store sales growth.

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Definitions:

Adjusted Trial Balance

A listing of all the accounts and their balances after adjustments have been made, used to prepare financial statements.

Retained Earnings

The portion of net income that is kept by a company to reinvest in its core business or to pay debt, rather than being distributed to shareholders as dividends.

Revenue Accounts

Accounts that track the income generated from the sale of goods and services, investments, and other sources during the accounting period.

Expense Accounts

Accounts used to track the costs incurred by a business in the course of its operations, not directly tied to the production of goods or services.