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- Question 4 1 pts Which of the following is Not true about the statement of profit or loss: The main purpose of the statement is to show the cash movements over a particular accounting period. The statement shows three measures of profit: gross profit, operating profit and profit for the period. Revenue is recognized when the control of the goods or services is passed to the customer. In this statement operating profits are calculated by deducting overheads from gross profit
- The table below shows two profitability ratios calculated for A B C Ltd and XYZ Itd for the period ended 31 Dec 2022: multicolumn(1)(|c|)( Ratio ) & A B C Ltd & X Y Z Ltd Gross profit margin & 40 % & 15 % Operating profit margin & 10 % & 10 % Which of the following statements is an incorrect interpretation of the two ratios: The two companies generated the same amounts of operating profits in 2022. ABC Ltd has a higher gross profit margin compared to XYZ Ltd. The ratios suggest that A B C Ltd could be better at managing their cost of sales, compared to XYZ Itd.
- Which conclusion regarding the expansion of industrialization is most correct? Cottage industries experienced an increase in employment as commercial industries declined. Cottage industries required fewer skilled workers than commercial industries. Commercial industries reduced the real estate expenses required of cottage industries. Commercial industries changed the division of labor traditionally established by cottage industries.
- Which of the following are staff and volunteers responsible for? Select FOUR of the following options. __ D Know what to do if you discover a fire or hear the fire alarm D Know where the fire exits are D Be able to put out a fire D Keep fire doors closed to stop the spread of fire, heat or smoke D Report any ideas for reducing the risk of fires in your area
- What actions should you take if you hear a fire alarm? Select TWO of the following options. Leavelevacuate the building immediately Follow any instructions from fire marshalls/wardens and the emergency services Call your manager for advice Gather your belongings and leave/evacuate the building Submit