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

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter12: Financial Statements, Closing Entries, And Reversing Entries

Section: Chapter Questions

Problem 3E: Identify each of the following items relating to sections of an income statement as Revenue from...

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