8. When preparing a comparative income statement for years xxx2 and xxx1 you see that net sales has increased by 26.5% therefore net income would

A. Decrease by the same 26.5%

B. Increase by the same 26.5%

C. Increase by of that amount since you would also need to consider expenses and return items

D. Unable to determine based on the information given

9. When analyzing fixed and variable costs for different products sold by a company

A. Both fixed and variable costs will remain the same for all products

B. Fixed costs will remain the same for all products

C. Neither fixed nor variable costs will remain the same for all products

D. Variable costs will remain the same for all products

10. One example of an internal control is

A. Additional expenses

B. Board of directors minutes

C. Calculation of fair market value of expenses

D. Segregation of duties

11. When preparing a comparative income statement the amount of the dollar increase or decrease is calculated by

A. Adding the prior year's number to the current year

B. Adding the prior year's number to the current year then dividing the difference by the prior year's number

C. Subtracting the prior year's number from the current year

D. Subtracting the prior year's number from the current year then dividing the difference by the prior year's number

12. Professional organizations can be effectively measured by

A. Asset utilization ratios

B. Number of hours

C. Number of units sold

D. Return on assets