GE DESAV Our Tools od: 013 100W If a company is successful in reducing selling and administrative expenses while maintaining sales volume and the sales price of its product, then the net profit margin ratio Select one O will not change Obw increase MC will drecrease Odwether decrease or remain unchanged Notes 2 Marks 7 of 13 On October 10, MFP Copaid $7.000 in employee salaries, including $1,000 it owed to its employees for work done in September. What are the effects of this transaction? MC Select one: O a Expenses increased, labies increased, and assets increased O b. Assets decreased, labilities decreased, and expenses increased O c. Assets decreased expenses decreased, and liabilities increased Od Expenses decreased, labis decreased, and assets screased Notes Unre 2 Marks 8.13 Which of the following would not affect a company's net earnings? MC Select one O A change in the company's income tax rate Ob. A change in the selling price of a company's product O c. Paying a dividend to shareholders Od Advertising a new product Unsure 2 Marks 9.13 An accrued liability results from an expense that is 12 GRANESAVERS He Q.9 Our Tools tone O noured but not yet paid Omured and paid O paid but not yet incurred Od neither incurrednerpad NO TOOM 2 Which of the following determines when revenues and expenses should be recorded under accrual accounting? MC Select one: O relevance and representational finess Ob the cost principle and the matching process O the revenue principle and the matching process Od the revenue principle and the periodicilymotion Unare 6 Prev Page 1 Finish attam... Concordia University Having technical dificulties during an exam? Call 1-888-202-6515 for support 212