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If Sydney Tea's Net Sales Decreased from $90,000in Year 1

question 37

Multiple Choice

If Sydney Tea's net sales decreased from $90,000in year 1 to $49,000 in year 2 and its cost of goods sold decreased from $33,000 in year 1 to $19,000 in year 2, the vertical analysis based on sales would show the following for cost of goods sold for the two periods: (Round your final answer to the nearest percentage.)

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Definitions:

Gibbons v. Ogden

A landmark Supreme Court case in 1824 that clarified the scope of the U.S. Congress's legislative power over interstate commerce.

Judicial Review

The power of courts to assess whether a law, policy, or executive action is in conflict with the Constitution.

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Brady Handgun Violence Prevention Act

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