Solution-How the profit margin is defined as

How the profit margin is defined as

Assignment Help Managerial Accounting

Reference no: EM132714614

Problem 1: The approach to preparing financial statements based on recognizing revenues when they are earned and matching expenses to those revenues is:

Multiple Choice

A. Cash basis accounting.

B. The expense recognition (matching) principle.

C. The time period assumption.

D. Accrual basis accounting.

F. Revenue basis accounting.

Problem 2: Profit margin is defined as:

Multiple Choice

A. Revenues divided by net sales.

B. Net sales divided by assets.

C. Net income divided by net sales.

D. Net income divided by assets.

E. Net sales divided by net income.

Reference no: EM132714614

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How the profit margin is defined as

Reference no: EM132714614

Reference no: EM132714614

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