4929Chemical EngineeringMedium
Pick out the wrong statement?
AGross margin = net income – net expenditure
BNet sales realisation (NSR) = Gross sales – selling expenses
CNet profit = Gross margin – depreciation – interest
DAt breakeven point, NSR is more than the total production cost
Correct answer
D. At breakeven point, NSR is more than the total production cost
Explanation
The correct answer is At breakeven point, NSR is more than the total production cost.