The advantage of breaking out sales and cost of goods sold/sales into separate categories over combining all sales and costs into one category is that this
A) enables you to make inventory and sales decisions about each product individually.
B) enables the P&L statement to show the gross profit.
C) shows a reasonable return on investment.
D) maximizes gross profit.

Question

Quizplus · Accepted Answer

The Answer of The advantage of breaking out sales and cost of goods sold/sales into separate categories over combining all sales and costs into one category is that this
A) enables you to make inventory and sales decisions about each product individually.
B) enables the P&L statement to show the gross profit.
C) shows a reasonable return on investment.
D) maximizes gross profit.

The Advantage of Breaking Out Sales and Cost of Goods