Match the Term to the Appropriate Definition

question 208

Multiple Choice

Match the term to the appropriate definition.There are more definitions than terms.
-Gross Profit Percentage

• A)A ratio indicating the percentage of profit earned on each dollar of sales,after considering the cost of products sold.
• B)A sales price reduction given to customers for prompt payment of their account balance.
• C)Presents important subtotals,such as gross profit,to help distinguish core operating results from other,less significant items that affect net income.
• D)Expresses the relationship between inventory on hand,purchased,and sold;shown as either BI + P - EI = CGS or BI + P - CGS = EI.
• E)Refunds and price reductions given to customers after goods have been sold and found unsatisfactory.
• F)A cash discount received for prompt payment of a purchase on account.
• G)The cost of inventory lost to theft,fraud,and error.
• H)Net sales minus cost of goods sold.It is a subtotal,not an account.
• I)A reduction in the cost of inventory purchases associated with unsatisfactory goods.
• J)The sum of beginning inventory and purchases for the period.

---

Definitions:

Dissociative Fugue

A rare psychological state where an individual loses awareness of their identity and may unexpectedly travel away from their home or work.

Western Cultures

Societies or nations typically located in the Western hemisphere, characterized by distinct customs, legal systems, and moral values.

Panic Attacks

Short, intense periods during which an individual experiences physiological and cognitive symptoms of anxiety, characterized by intense fear and discomfort.

Dissociative Identity Disorder

A severe form of dissociation, a mental process that produces a lack of connection in a person's thoughts, memory, and sense of identity, formerly known as multiple personality disorder.