Return on Sales Is Calculated by Dividing Net Income by Revenues

question 49

True/False

Return on sales is calculated by dividing net income by revenues.

Compare and contrast micro, macro, and global social structures.

Evaluate the impact of social institutions and cultural practices from different sociological perspectives.

Grasp the concept of creativity tests and measures.

Recognize the importance and application of imaging and heuristics in cognitive processes.

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Definitions:

Variable Manufacturing

Costs that vary directly with the level of production output, including direct materials, direct labor, and variable manufacturing overhead.

Fixed Manufacturing

Expenses that do not vary with the level of production or sales, such as rent, salaries, and equipment depreciation.

Static Budget

A budget that does not change or adjust with variations in sales volume or business activity.

Original Planned

Pertains to the initial strategy or set of actions that were designed to achieve a specific outcome or goal.