Assume the Following Cost of Goods Sold Data for a Company

question 20

Multiple Choice

Assume the following cost of goods sold data for a company: $\begin{array}{rr}2020 & \$ 1,704,000 \\2019 & 1,400,000 \\2018 & 1,200,000\end{array}$ If 2018 is the base year, what is the percentage increase in cost of goods sold from 2018 to 2020?

• A) 70.4%
• B) 42%
• C) 85.7%
• D) 117%

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Definitions:

Personal Appreciation

The recognition and valuation of one's abilities, qualities, or achievements, fostering positive self-regard and motivation.

Client Participation

The involvement of clients or customers in the development, decision-making, or feedback process of a project or service to ensure it meets their needs.

Client's Premises

The physical location or property owned or occupied by a client, often mentioned in service agreements or contracts.

Impartial And Honest

Being fair and truthful, without bias or deceit.