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1. which factor would not affect gross profit rate? a. increase in the sale of luxury items b. increase in price of inventory items c. increase in cost of heating the store d. increase in use of discount pricing to sell merchandise 2. in periods of falling prices, LIFO will produce...? 3...

considerations that affect the selection of an inventory costing method do not include a. income statement effects b. perpetual versus periodic inventory system c. tax effects d. balance sheet effects

problem: net sales of 250,000, cost of goods sold of 100,000, operating expenses of 50,000, net income of 87,000, beginning total assets of 500,000 & ending total assets of 600,000. calculate profit margin ratio.

how to calculate this problem. help. A company has a sales revenue of $500,000, cost of goods sold of $380,000 & operating expense of $60,000. Calculate gross profit. I know the formula is net sales-cost of goods sold but i dont know where i can get the net sales(sales-sales discount).