The gross margin is added to the cost of sold goods to calculate: ____________?
A. revenues B. selling price C. unit price D. bundle price
Accounting MCQs with Answers
If the gross margin is $2000 and the revenue is $5000, then the cost of goods sold would be _________?
A. −$8000 B. $3,000 C. −$3000 D. $8,000
The contribution margin is $34000 and the operating income is $12000, then the degree of operating leverage will be __________?
A. 4.84 B. 2.84 C. 3.84 D. 5.84
The type of distribution, which consists of alternative outcomes and probabilities of events is classified as _____________?
A. event table B. outcome table C. decision table D. probability table
An effect of fixed cost to change in operating income is classified as ___________?
A. uncertain margin B. certain margin C. operating margin D. operating leverage
The target operating income is multiplied to tax rate and then subtracted from target operating income to calculate _____________?
A. target net cost B. target net income C. target net gain D. target net loss
The fixed cost, and the contribution margin percentage for the bundle are divided to calculate _____________?
A. breakeven costs B. breakeven revenues C. breakeven units D. breakeven sales
The revenue is $11000 and all the variable cost is $6000, then the contribution margin would be ____________?
A. −$17000 B. $17,000 C. $5,000 D. −$5000
If the gross margin is $6000 and the total revenue is $26000, then the gross margin percentage will be _____________?
A. 23.08% B. 24.08% C. 25.08% D. 26.08%