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The three major categories of expenses are


A) direct,semi-direct,and indirect.
B) variable,fixed,and semi-variable.
C) external,internal,and societal.
D) manufacturing,promotion,and distribution.
E) selling,administrative,and general.

F) All of the above
G) C) and D)

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A company's gross sales may be reduced by


A) the size of the contribution margin.
B) the percentage of markdowns.
C) depreciation and amortization.
D) stock turn rate and the markup percentage.
E) returns or allowances.

F) D) and E)
G) All of the above

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Leon George sold kites at the beach last summer.He invested $2,500 in kites and ended the season with $100 worth of kite inventory.Calculate his stock turn rate for the summer.


A) 1) 0
B) 1) 5
C) 2) 0
D) 3) 0
E) 24.0

F) A) and E)
G) B) and E)

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A retailer of children's clothing had net sales of $72,000.But to get those sales,she had to reduce her prices by $2,000.Calculate her markdown.


A) 0) 35 percent
B) 2) 78 percent
C) 3) 50 percent
D) 3) 70 percent
E) 26.7 percent

F) A) and D)
G) A) and E)

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All of the following are operating ratios used to set a price for an offering except which?


A) stock turns
B) ROI
C) market share
D) markdown
E) markup

F) A) and C)
G) B) and E)

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