Shelcal Inc On Vertical Analysis Report, Cost of Goods Sold as a \begin{array}

question 16

Multiple Choice

Shelcal Inc. provides the following data for the year 2015: $$\begin{array} { | l | r | } \hline \text { Sales Revenue } & \$ 400,000 \\\hline \text { Sales Returns and Allowances } & 1,200 \\\hline & \\\hline \text { Sales Discounts } & 800 \\\hline \text { Net Sales Revenue } & \$ 398,000 \\\hline\end{array}$$ On vertical analysis report, cost of goods sold as a percentage of net sales will amount to:

• A) 59.42%
• B) 61.15%
• C) 63.48%
• D) 64.07%

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Definitions:

Recall Events

The process of retrieving information about past events or experiences from one’s memory.

Confounding Variables

Factors other than the independent variable(s) that are unequal across groups.

Random Assignment

A method used in experiments to ensure that every participant has an equal chance of being assigned to any given group, thereby reducing bias.

Experimenter Bias

A phenomenon that occurs when a researcher’s preconceived notions or expectations in some way influence participants’ behavior and/or the researcher’s interpretation of experimental results.