Using the Percent of Sales Method and Assuming That No

question 37

Multiple Choice

Using the percent of sales method and assuming that no excess capacity exists,a 20% increase in sales will result in

• A) a 20% increase in total assets.
• B) a 20% increase in total liabilities.
• C) a 20% increase in retained earnings.
• D) a 20% increase in the company's profit margin.

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Definitions:

Heterosexual

A sexual orientation characterized by an attraction to members of the opposite sex.

Queer

A term used to describe sexual and gender identities that are not heterosexual or cisgender.

Bisexual

A sexual orientation where an individual is attracted to both males and females.

Gender-nonconforming

Describing an individual whose gender expression does not match conventional expectations of masculinity or femininity.