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plz solve all the questions Question 1 Which of the following inventory accounts would a merchandising company likely have? Answer saved Marked out of 1.00

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Question 1 Which of the following inventory accounts would a merchandising company likely have? Answer saved Marked out of 1.00 Flag question Select one: O Finished Goods O Inventory O Both b and c F O Raw materials Ti O Work In Process Clear my choice Question 2 Profit margin is calculated by Answer saved Marked out of 1.00 P Flag question Select one: subtracting operating expenses from sales. dividing net income by sales. O dividing gross profit by sales. O subtracting cost of goods sold and operating expenses from sales. subtracting cost of goods sold from sales. Clear my choice ion 3 Which of the following statements is false? er saved ed out of g cion Select one: O Freight costs paid by the seller are debited to Delivery Expense. O Freight costs paid by the purchaser are debited to Delivery Expense. O none of the statements are false O Freight costs for goods shipped FOB destination are paid by the seller. O Freight costs for goods shipped FOB shipping point are paid by the purchaser Clear my choice estion 4 yet wered Which of the following is not true about a multiple-step statement of income? rked out of 0 Flag estion Select one: O There may be a section for operating assets. O There may be a section for non-operating activities. There is a section for operating expenses. There is a section for cost of goods sold. stion 5 ver saved ked out of HEBRERO Use the following information to answer the question below: Cost of goods sold............... $434,000 Income tax expense...... 67,200 Flag stion *** Operating expenses. 344,000 Sales............ 1,100,000 The profit margin would be

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