Question (10) What event is most likely to have a neutral impact on both the operating expense percentage ratio and profit? This is a single choice question. Selections are automatically selected as you use arrow to move. C Recession. C Administrative staff reduced. Rent increases. C Office becomes computerized, . Question (11) What key financial indicator is derived by subtracting adjusted cost of goods sold from net sales, and then dividing the result by net sales? This is a single choice question. Selections are automatically selected as you use arrow to move. C Adjusted net profit margin. Adjusted gross profit. Adjusted operating margin. Adjusted gross margin. Question (12) During an initial period of decreasing sales, a company will likely experience which two trends simultaneously? This is a single choice question. Selections are automatically selected as you use arrow to move. C Cash flow and accrual results in a relatively stable state. C Positive cash flow and increasing inventory days. Decreasing accounts receivable and decreasing accounts payable days. Negative cash flow and decreasing inventory days. . Question (13) What is the most likely consequence of rapid sales growth in the early stages of a business's existence? This is a single choice question. Selections are automatically selected as you use arrow to move. The need for rapid asset growth. The need for elevated levels of profitability will decrease over time. Positive cash flow that increases at an accelerating rate. Increasing ability to sustain high levels of sales growth. Question (10) What event is most likely to have a neutral impact on both the operating expense percentage ratio and profit? This is a single choice question. Selections are automatically selected as you use arrow to move. C Recession. C Administrative staff reduced. Rent increases. C Office becomes computerized, . Question (11) What key financial indicator is derived by subtracting adjusted cost of goods sold from net sales, and then dividing the result by net sales? This is a single choice question. Selections are automatically selected as you use arrow to move. C Adjusted net profit margin. Adjusted gross profit. Adjusted operating margin. Adjusted gross margin. Question (12) During an initial period of decreasing sales, a company will likely experience which two trends simultaneously? This is a single choice question. Selections are automatically selected as you use arrow to move. C Cash flow and accrual results in a relatively stable state. C Positive cash flow and increasing inventory days. Decreasing accounts receivable and decreasing accounts payable days. Negative cash flow and decreasing inventory days. . Question (13) What is the most likely consequence of rapid sales growth in the early stages of a business's existence? This is a single choice question. Selections are automatically selected as you use arrow to move. The need for rapid asset growth. The need for elevated levels of profitability will decrease over time. Positive cash flow that increases at an accelerating rate. Increasing ability to sustain high levels of sales growth
