A Company Had Sales Revenue of $665,000 and $692,000 in Two

question 34

Multiple Choice

A company had sales revenue of $665,000 and $692,000 in two successive quarters. The cost of goods sold was $226,000 and $277,000 respectively. Operating expenses in each quarter were: selling expenses of $95,000, distribution expenses of $85,000, and administration expenses of $170,000. Interest expenses were $20,000 in each of the two quarters. What was the change in operating margin?

• A) 4%
• B) 14.7%
• C) 32.7%
• D) 42.5%
• E) 55.2%

Understand the scope and limitations of the Sherman Act in restraining trade.

Identify key historical antitrust cases and their outcomes under the Sherman Act.

Understand the historical context and significance of the creation of the Federal Trade Commission.

Recognize the relationship between the Clayton Act and the establishment of the Federal Trade Commission.

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