If Net Income Is Rising,but Sales and the Gross Profit

question 26

Multiple Choice

If net income is rising,but sales and the gross profit percentage remain the same,then:

• A)operating expenses are falling.
• B)operating expenses are rising.
• C)cost of goods sold is falling.
• D)cost of goods sold is rising.

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Definitions:

Embarrassed

A feeling of self-consciousness, shame, or awkwardness.

Remember

The cognitive process of recalling information or experiences that were previously encoded and stored in the brain.

Address

The specific location or digital identification where someone lives or an organization is situated, or a means to direct a message or communication.

Encoding Failure

The inability to recall specific information because it was not stored properly in the memory in the first place.