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Question 1 of 5
1. Question
(Decide whether the following statement is True or False)
Absorption Rate is the percentage of dealership expenses absorbed by the gross profit generated from Parts and Service sales.
CorrectIncorrect -
Question 2 of 5
2. Question
(Decide whether the following statement is True or False)
It is not possible for a dealership to have an absorption rate higher than 100%
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Question 3 of 5
3. Question
Drag and Drop the correct parts of the formula which belong to the Absorption Rate Formula
(Please place them in the correct order)
Sort elements
- Parts Gross Profit (R)
- Service Gross Profit (R)
- Dealer Expenses (R)
- Interest Expense (R)
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First part of equation on top
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Second part of equation on top
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First part of equation on the bottom
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Second part of equation on the bottom
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Question 4 of 5
4. Question
Which of the following statements below are part of the benefits of having an absorption rate of 100% or greater:
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Question 5 of 5
5. Question
(Select from below the statements which best answer the following question)
What are 4 things you can do to improve absorption?
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