If Net Sales at Good Dog Bakery Increased from $36,000

question 91

Multiple Choice

If Net Sales at Good Dog Bakery increased from $36,000 to $63,000 and its cost of goods sold increased from $20,000 to $38,000, the vertical analysis based on net sales would show the following percentages for cost of goods sold: (Round your final answer to the nearest percentage.)

• A)36% and 20%.
• B)20% and 36%.
• C)56% and 60%.
• D)60% and 36%.

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Definitions:

With Replacement

In sampling, "with replacement" means that once an item is selected, it's put back into the population before the next selection, making it possible to be chosen again.

Sampling Without Replacement

A method of sampling where once an individual is selected, they are not placed back into the population for the possibility of a second selection.

Hypergeometric Distribution

A probability distribution used to calculate probabilities for drawing successes without replacement from a finite population.

Binomial Distribution

A probability distribution that summarizes the number of successes in a fixed number of binary experiments.