(e) When sales increase by 1%, which of the following should increase by more than 1% in a merchandising company? (You may select more than one answer. Single click the box with the question mark to...

Extracted text: (e) When sales increase by 1%, which of the following should increase by more than 1% in a merchandising company? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) V Variable cost Fixed cost ces Gross margin Contribution margin Net operating income


Extracted text: (d) When sales increase by 1%, which of the following should also increase by 1% in a merchandising company? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) V Variable cost V Fixed cost V Gross margin V Contribution margin V Net operating income