133. A retail chain sells 100 designer sheet sets for $199.99 a set; these sets cost the company $69.95 a set to buy. The company also sells 1000 basic sheet sets for $49.99 a set; these sheet sets cost the company $24.99 to buy. Other operation expenses total $10,000. Which of the following statements is true?

& questions 134, 135, 136, 137, 138, 139, 140, 141, 141

a set t retail chain sells 100 designer sheet sets for $199.99 a set; these sheet sets cost the company $69.95 on true7n 324.99 to buy. Other operating expenses total $10,000. Which of the following statiements is buy. The company also sells 1,000 basic sheet sets for$49.99 a set; these sheet sets cost the A. The company's net income is $38,004. B. R ounded to the nearest whole number, the gross profit percentage is 65% on the designer sheets and 50% on the basic sheets. C. The company's gross profit is $28,004. D. All of these. next, the 134. If a company achieves a small increase in its gross profit percentage from one year to the company: A. will always have a higher net income. B. must be obtaining products at a lower cost per unit. C. must have increased its sales revenue D. none of these. 135. Coca-Cola reported net sales revenues of $19.8 billion and cost of goods sold for $6.0 billion. Its gross profit percentage was: A. 30.3%. B. 69.7%. C. 43.5%. D. None of these. 136, LA Company has a gross profit percentage of 61% while NY Company has a gross profit of37%, which of the following is true? A. LA Company will report a higher net income than NY Company. B. NY Company must have a greater sales volume than LA Company. C. LA Company is more efficient at controlling selling, general, and administrative expenses than NY Company D. None of these. 137. A company starts the period with 100 computers in inventory, purchases 30 more, returms 4 of them to suppliers, and has 83 in inventory at the end of the period. Which of the following statements is true? A. Net purchases total 26 computers. B. Net sales total 51 computers. C. Net sales total 26 computers. D. Net purchases total 51 computers