An Increase in a Gross Profit Percentage Indicates That

question 59

Multiple Choice

An increase in a gross profit percentage indicates that:

• A) cost of goods sold as a percentage of sales has decreased.
• B) cost of goods sold as a percentage of sales has increased.
• C) operating expenses as a percentage of sales have increased.
• D) operating expenses as a percentage of sales have decreased.

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Definitions:

Proud

Feeling deep satisfaction or pleasure from one's own achievements, the achievements of those one is closely associated with, or from qualities or possessions that are widely admired.

Provincial Capital

The city designated as the administrative capital or seat of government of a province.

Persuasion

The process of influencing someone's beliefs, attitudes, intentions, motivations, or behaviors through communication.

Communication

The process of exchanging information, ideas, thoughts, feelings, and messages through speech, writing, signals, or behavior.