Olivera Company Provides the Following Data for the Year 2013

question 84

Multiple Choice

Olivera Company provides the following data for the year 2013:
$$\begin{array} { l r } \text { Sales revenue } & \$ 400,000 \\\text { Sales returns and allowances } & \$ 1,200 \\\text { Sales discounts } & \$ 800 \\\text { Cost of goods sold } & \$ 255,000\end{array}$$ On a vertical analysis, what percentage would be shown for cost of goods sold?

• A) 59.4%
• B) 61.0%
• C) 63.4%
• D) 64.1%

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Definitions:

Reject

To decline to agree to, comply with, acknowledge, or employ something.

Installment Delivery

A method of delivering goods where the total quantity is provided in several segments over a period, usually according to a schedule.

Nonconformity

Refers to a failure or inability to meet a set standard, often used in the context of products or services not matching specified requirements.

Corrected

Processed or amended to rectify errors or inaccuracies.