Use the Following Selected Information from Wheeler, LLC to Determine

question 77

Multiple Choice

Use the following selected information from Wheeler, LLC to determine the 2017 and 2016 common size percentages for operating expenses using Net sales as the base. $\begin{array}{|l|r|r|}\hline & \mathbf{2 0 1 7} &2016 \\\hline \text { Net sales } & \$ 276,200 & \$ 231,400 \\\hline \text { Cost of goods sold } & 151,900 & 129,590 \\\hline \text { Operating expenses } & 55,240 & 53,240 \\\hline \text { Net earnings } & 27,820 & 19,820\\\hline\end{array}$

• A)23.9% for 2017 and 23.0% for 2016.
• B)103.8% for 2017 and 100.0% for 2016.
• C)36.4% for 2017 and 41.1% for 2016.
• D)55.0% for 2017 and 56.0% for 2016.
• E)20.0% for 2017 and 23.0% for 2016.

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Definitions:

Control

In experimental design, control refers to an experimental group that does not receive any experimental treatment in order to provide a baseline for measuring changes that might occur in other groups. As a goal of research, control refers to gaining information about human behavior in order to be able to predict and control it.

Experimental Design

A research method involving the manipulation of one or more independent variables to determine their effect on dependent variables, allowing for control of confounding factors to establish causality.

Participants

Individuals who have volunteered to be in a research project, or in Hymes’s theory, the people present in a speech situation and their roles and relationships.

Control Groups

Experimental groups not exposed to any experimental variable.