Max's Tire Center Company

question 10

Multiple Choice

Max's Tire Center Company
Selected data from the financial statements of Max's Tire Center are provided below.

-Refer to the selected data provided for Max's Tire Center. Which of the following would result from a vertical analysis of Max's income statement in 2012?

• A) Cost of sales increased by 9.09% during 2012.
• B) Cost of sales is $390,000 in 2012.
• C) Cost of sales is 30.77% of total assets in 2012.
• D) Cost of sales is 30.77% of total sales in 2012.

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Definitions:

Free Will

The concept that individuals have the capacity to make choices and take actions independent of external constraints or determinism.

Pessimism

The tendency to see the worst aspect of things or believe that the worst will happen; a lack of hope or optimism.

Human Nature

A term referring to the characteristics, feelings, and behavioral traits of humankind that are naturally ingrained.

Congruence Corollary

A concept in psychology stating that personal growth is facilitated when there is alignment between an individual's self-image and experiences.