Answer only the part 1 of the picture thank you 1. Indicate the effects on gross profit the changes in volume, unit selling price,and unit cost. Write an "X" on the appropriate column.Effects in Gross ProfitFavorableUnfavorableA. Volume - Increase- DecreaseB. Selling Price – Increase- DecreaseC. Unit Cost - Increase- Decrease2. The following information was taken from the balance sheet of Aglugub Corp.田CashP 13 250 Accounts PayableP 25 200Accounts Receivable (net)Merchandise InventoryPrepaid ExpensesAccrued PayableNotes Payable33 0001 80040 00010 0009 950REQUIORED: Calculate the working capital, current ratio and quick ratio.--.-

Name: Answer only the part 1 of the picture thank you 1. Indicate the effect
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Description: Answer only the part 1 of the picture thank you 1. Indicate the effects on gross profit the changes in volume, unit selling price,and unit cost. Write an "X" on the appropriate column.Effects in Gross ProfitFavorableUnfavorableA. Volume - Increase- D

Gross profit is calculated by reducing the cost of goods sold from sales revenue. Thus, sales price…

Business

Accounting

1. Indicate the effects on gross profit the changes in volume, unit selling price, and unit cost. Write an "X" on the appropriate column. Effects in Gross Profit Favorable Unfavorable A. Volume - Increase - Decrease B. Selling Price – Increase - Decrease C. Unit Cost - Increase - Decrease

1. Indicate the effects on gross profit the changes in volume, unit selling price, and unit cost. Write an "X" on the appropriate column. Effects in Gross Profit Favorable Unfavorable A. Volume - Increase - Decrease B. Selling Price – Increase - Decrease C. Unit Cost - Increase - Decrease

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 19Q: The following is select account information for Sunrise Motors. Sales: $256,400; Sales Returns and...

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