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:

Feature-film

A full-length film intended as the main attraction of a cinema viewing, typically running longer than one hour.

Silent-sound Hybrid

Films that incorporate both silent and sound elements, marking the transition period from silent cinema to the introduction of sound film.

Vitaphone Technology

Refers to an early method for sound film production and presentation using analog sound-on-disc technology developed by Western Electric and Warner Bros.

Western Electric

An American electrical engineering and manufacturing company that played a crucial role in the development of sound cinema technology in the early 20th century.