If Rick's Sales Increased from $49,000 to $81,000 and Its

question 123

Multiple Choice

If Rick's sales increased from $49,000 to $81,000 and its cost of goods sold increased from $25,000 to $66,000, then vertical analysis based on sales would show the following for cost of goods sold for the two periods:

• A) 81.48% and 51.02%.
• B) 51.02% and 81.48%.
• C) 122.73% and 196.00%.
• D) 196.00% and 122.73%.

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Definitions:

Jay Treaty

A 1795 agreement between the United States and Great Britain that aimed to resolve issues remaining after the American Revolutionary War and facilitated ten years of peaceful trade between the two nations.

Legislative Business

The range of activities conducted in a legislative body including the introduction, debate, and passing of laws.

Federalists

A political group in the early United States advocating for a strong federal government and the ratification of the Constitution.

New England Merchant

Refers to businessmen in the early American colonial period based in the New England region who were involved in trade and commerce, often engaged in shipping goods across the Atlantic.