Hopper,Inc ​
-Read the Information About Hopper,Inc

question 124

Multiple Choice

Hopper,Inc.
Use the information from Hopper,Inc.to answer the following question.
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$$\begin{array} { l r r } & \mathbf { 2 0 1 8 } & \mathbf { 2 0 1 7 } \\\text { Operating revenues } & \$ 1,900,000 & \$ 1,600,000 \\\text { Operating expenses } & 1,400,000 & 1,100,000 \\\text { Income taxes } & 200,000 & 200,000\end{array}$$ ​
-Read the information about Hopper,Inc.Which statement best represents Hopper's performance?

• A)Hopper's profit margin ratio decreased.
• B)Hopper has become more profitable.
• C)Hopper's increase in operating revenues increased the company's net income.
• D)Hopper's operating expenses as a percentage of operating revenues remained the same.

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Definitions:

Facilitating Functions

include activities that help in the smooth execution of transactions and exchanges in the marketplace, such as logistics, financing, and information provision.

Purchasing Products

The process of acquiring goods or services to fulfill the needs or requirements of a business or consumer.

Resale

The act of selling a product or service to another party after it has been purchased from the original seller.

Transactional Function

A business activity that involves the buying and selling of goods and services, including all processes that enable these transactions.