Answered: P/V Ratio is an indicator of [A] the…

P/V Ratio is an indicator of [A] the rate at which goods are sold [B] the volume of sales [C] the volume of profit [D] the rate of profit

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter18: Pricing And Profitability Analysis

Section: Chapter Questions

Problem 3DQ: How do you calculate the markup on cost of goods sold? Is the markup pure profit? Explain.

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Question

P/V Ratio is an indicator of

[A] the rate at which goods are sold
[B] the volume of sales
[C] the volume of profit
[D] the rate of profit

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