Assume the Following Cost of Goods Sold Data for a Company

question 61

Multiple Choice

Assume the following cost of goods sold data for a company: $\begin{array}{rr}2017 & \$ 1,704,000 \\2016 & 1,400,000 \\2015 & 1,200,000\end{array}$ If 2015 is the base year, what is the percentage increase in cost of goods sold from 2015 to 2017?

• A)70.4%
• B)42%
• C)85.7%
• D)117%

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Definitions:

Billing Office

A department within a healthcare facility responsible for processing patient billing and insurance claims.

Direct Care

Personal health care services provided by clinicians, including assessment, diagnosis, treatment, and interactions directly with patients.

Teaching a Patient

The process of educating a patient about their health condition, treatment options, and self-care practices to promote better health outcomes.

Making Work Assignments

The process of distributing tasks or projects among team members based on their skills, availability, and job roles.