Which of the Following Correctly Describes the Effect of a Sales

question 65

Multiple Choice

Which of the following correctly describes the effect of a sales discount?

• A)Gross profit increases.
• B)Net sales increases.
• C)Current assets remain the same.
• D)Net income decreases.

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Definitions:

Synthesis

The chemical process of combining two or more elements or compounds to form a more complex product.

Transformation

A genetic alteration of a cell resulting from the direct uptake, incorporation, and expression of exogenous genetic material from its surroundings.

2-Methylamino-1-ethanol

An organic compound comprised of an ethanol backbone with a methylamino substituent, commonly used in chemical synthesis and as an intermediate.

Phosgene

A toxic chemical compound with the formula COCl2, used in the production of organic chemical compounds as a reagent or intermediate.