Manero Company Included the Following Information in Its Annual Report

question 120

Multiple Choice

Manero Company included the following information in its annual report:
$\begin{array}{lrrr}&2014&2013&2012\\\text { Sales } & \$ 178,400 & \$ 162,500 & \$ 155,500 \\\text { Cost of goods sold } & 115,000 & 102,500 & 100,000 \\\text { Operating expenses } & 50,000 & 50,000 & 45,000 \\\text { Net income } & 13,400 & 10,000 & 10,500\end{array}$
-In a common size income statement for 2014,the cost of goods sold is expressed as

• A)64.5%
• B)100.0%
• C)112.3%
• D)130.0%

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Definitions:

Ongoing Activities

Refers to tasks, projects, or operations that are currently in progress or continuously occurring.

Monitoring And Adjusting

The process of tracking progress and making necessary changes to ensure the successful completion of a plan or project.

Concurrent Control

The monitoring and adjusting of activities and processes in real-time to ensure project goals are met.

Low-Probability

Referring to events or outcomes that have a small chance of occurring, often used in risk assessment and decision-making processes.