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Which of the following does not affect the gross profit: Select one: a. dropping a product line...

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Question

Accounting

Which of the following does not affect the gross profit:

Select one:

a. dropping a product line due to declining consumerinterest

b. an increase in freight costs of inventory from shippingport

c. having to pay more for insurance premiums after makingseveral claims

d. having to change suppliers and pay more for inventory

e. reducing selling prices due to increased competition

Answer & Explanation Solved by verified expert
4.2 Ratings (743 Votes)
Solution Question Which of the following does not affect the gross profit Answer Option c having to pay more for insurance premiums after making several claims Explanation Gross Profit is equal to Sales minus Cost of    See Answer
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