Making Moves Has the Following Data Available

question 41

Multiple Choice

Making Moves has the following data available.
Sales $800 000
Selling expenses 160 000
Profit 320 000
Using vertical analysis,express selling expenses as a percentage of the base amount.

• A)60%
• B)50%
• C)20%
• D)15%

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Definitions:

Distributive Property

A fundamental property of algebra stating that a(b + c) = ab + ac, allowing the distribution of multiplication over addition or subtraction.

Distributive Property

A property indicating that for any three numbers, the product of a number and the sum of the other two is equal to the sum of the individual products of the number with each of the other two.

Arithmetic

A branch of mathematics that deals with numbers and the basic operations such as addition, subtraction, multiplication, and division.