Which One of the Following General Statements About Divisions Is

question 5

Multiple Choice

Which one of the following general statements about divisions is true -

• A) all division income reports will show the profits for the selected divisions
• B) allocate revenues by double clicking the allocation column beside the amount
• C) you may print journal reports with or without division allocations
• D) all of the above

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Definitions:

Operating Expenses

The costs associated with running the day-to-day operations of a business, excluding the costs of goods sold.

Profit

The financial gain made in a transaction, calculated by subtracting the total costs from the total revenue.

Sale Price

The ultimate selling price of a product, once all discounts or promotional offers have been taken into account.

Gross Profit

The difference between the selling price and the unit cost of an item of merchandise. (Also called markup.)