As Part of Audit Planning,you Have Calculated Gross Margin for the Last

question 34

Multiple Choice

As part of audit planning,you have calculated gross margin for the last five years and compared gross margin to industry averages.Your client's gross margin has increased by about 5% in the current year,while the industry gross average has declined.One possible cause of this increased gross margin is

• A)higher cost of goods sold.
• B)increased bad debt expenses.
• C)fictitious revenue.
• D)fictitious expenses.

---

Definitions:

Adherent Patient

Refers to a patient who closely follows the treatment plan prescribed by their healthcare provider.

Compliant

Indicates adherence or conformity to a rule, standard, or law.

Adherence Rates

The extent to which individuals follow their prescribed medical treatment plans, diets, or exercise regimens.

High Blood Pressure

A condition where the force of the blood against the artery walls is too high, often leading to cardiovascular diseases.