Which of the Following Statements Is Correct

question 41

Multiple Choice

Which of the following statements is correct?

• A)When cost of goods sold as a percentage of sales increases,the gross profit percentage will increase.
• B)It is possible that when cost of goods sold in dollars increases,cost of goods sold as a percentage of sales decreases.
• C)If gross profit percentage is the same for the current and past year,then sales and cost of goods sold in dollars did not change.
• D)If gross profit percentage increases from one year to the next,then the net income percentage will also increase from one year to the next.

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Definitions:

Chemical Bond

The force of attraction between atoms or ions that enables the formation of chemical compounds.

Atomic Number

The number of protons in the nucleus of an atom, determining the chemical properties of an element and its place in the periodic table.

Helium

A chemical element with symbol He and atomic number 2, known for being a lightweight, inert gas widely used in balloons and as a coolant.

Neon

A chemical element with the symbol Ne and atomic number 10, it is a colorless, odorless, inert monatomic gas under standard conditions, with about two-thirds the density of air and is used in fluorescent lamps and signs.