As Part of Its Environmental Cost Reporting System,Jackson Company Tracks

question 113

Multiple Choice

As part of its environmental cost reporting system,Jackson Company tracks its total environmental costs.Consider the cost and sales data given: $\begin{array}{rrrr}\text { Year}&\text { Total Environmental Costs }&\text { Sales Revenue }&\text { Operating Costs }\\\hline20 \mathrm{X} 1 & \$ 3,750,000 & \$ 31,250,000 & \$ 25,000,000 \\20 \mathrm{X} 2 & 3,125,000 & \$ 31,250,000 & \$ 25,000,000 \\20 \mathrm{X} 3 & 2,750,000 & \$ 31,250,000 & \$ 25,000,000 \\20 \mathrm{X} 4 & 2,406.250 & \$ 31.250,000 & \$ 25,000,000\end{array}$ What are the environmental costs as a percentage of sales for 20X1?

• A)8.33%
• B)12%
• C)15%
• D)80%

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Definitions:

Human Capital

The economic value of a worker's experience and skills, including education, training, intelligence, skills, health, and other things employers value.

Technological Knowledge

Information and skills acquired through experience or education regarding the use, development, and application of technological tools and systems.

Productivity

The measure of the efficiency of production, typically expressed as the ratio of output to inputs used in the production process.

Real GDP

Real GDP, or Real Gross Domestic Product, measures the value of all final goods and services produced within a country in a given period, adjusted for inflation to reflect changes in price levels.