In the merchandising sector ________
A) only variable costs are subtracted to determine gross margin
B) fixed overhead costs are subtracted to determine gross margin
C) fixed overhead costs are subtracted to determine contribution margin
D) all operating costs are subtracted to determine contribution margin
Answer: A
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On January 1, 2015, Ward Corporation issued $5,000,000 8%, 10-year bonds at 103. The journal entry to record the issuance will show a
A. credit to Cash for $5,150,000 B. credit to Bonds Payable for $5,030,000 C. credit to Premium on Bonds Payable for $150,000 D. debit to Cash of $5,000,000
Which of the following postulates that top managers typically overestimate their ability to create value from an acquisition?
A. Bandwagon effect B. Fisher effect C. Hubris hypothesis D. International Fisher effect E. Learning effect