Given the Following Data: Sales $1,500,000;gross Profit $640,000;net Income After

question 33

Multiple Choice

Given the following data: sales $1,500,000;gross profit $640,000;net income after tax $40,000 and income tax expense $35,000.What is the common-size percentage for operating expenses?

• A)37.7%
• B)42.7%
• C)95.0%
• D)97.3%

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Definitions:

Group Talk

A situation in which multiple people converse and exchange ideas in a collective setting.

Unanimity

Complete agreement or concord among all members or participants.

Acceptable Standards

Criteria or benchmarks deemed suitable or satisfactory for a specific purpose or in a particular field.

Coercive Power

Power stemming from the ability to punish others.