What is the effect of net markups on the cost-retail ratio when using the conventional retail method?
a. Increases the cost-retail ratio.
b. No effect on the cost-retail ratio.
c. Depends on the amount of the net markdowns.
d. Decreases the cost-retail ratio.
Ans: d. Decreases the cost-retail ratio.
Business
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Decreases in equity that represent costs of assets or services used to earn revenues are called:
a. Liabilities. b. Equity. c. Withdrawals. d. Expenses. e. Owner's Investment.
Business
A key to effective writing is to use very few ____ words that help to hold the sentence together, but theyadd little to the meaning of the sentence
Fill in the blanks with correct word
Business