Net Sales at Kelly's Bakery Increased from $40,000 to $60,000

question 71

Multiple Choice

Net sales at Kelly's Bakery increased from $40,000 to $60,000 and its cost of goods sold increased from $20,000 to $40,000, then vertical analysis based on net sales would show the following percentages for cost of goods sold (rounded to the nearest percent) :

• A) 40% and 20%.
• B) 10% and 30%.
• C) 50% and 67%.
• D) 67% and 40%.
• E) 33% and 50%

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Definitions:

Self-interest

The motivation by individuals to pursue actions or goals that are beneficial to themselves.

Common Good

A concept that refers to either policies or actions that benefit all members of a given community or society.

Veto Power

The authority to reject or prohibit proposals or laws, often held by a president, governor, or other leader.

Separation of Powers

The division of a state's government into branches, each with separate, independent powers and responsibilities, to prevent abuse of power and to provide a system of checks and balances.