Use the Following Selected Information from Wheeler,LLC to Determine the 2018

question 69

Multiple Choice

Use the following selected information from Wheeler,LLC to determine the 2018 and 2017 trend percentages for cost of goods sold using 2017 as the base. $\begin{array}{lrrl}&2018&&2017\\Net ~sales&\$ 276,200& & \$ 231,400 \\Cost ~of ~goods ~sold&151,90 0 & & 129,590 \\Operatirg ~expenses&55,240 & & 53,240 \\Net ~earmirgs&27,820 & & 19,820\end{array}$

• A)36.4% for 2018 and 41.1% for 2017.
• B)55.0% for 2018 and 56.0% for 2017.
• C)119.4% for 2018 and 100.0% for 2017.
• D)117.2% for 2018 and 100.0% for 2017.
• E)65.1% for 2018 and 64.6% for 2017.

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Definitions:

Acceptance

The act of receiving something offered, favorably regarding something, or the acknowledgment of reality without an attempt to change it.

ACT

Acceptance and Commitment Therapy, a form of psychotherapy that encourages individuals to embrace their thoughts and feelings rather than fighting or feeling guilty for them.

Awareness

The state of being conscious of something, including understanding and sensitivity to certain issues.

Third-Wave Therapies

A psychological approach that incorporates mindfulness and acceptance strategies, extending beyond traditional cognitive-behavioral therapies.