Express the Following Income Statement Information in Common-Size Percentages (Round

question 55

Essay

Express the following income statement information in common-size percentages (round to nearest whole percent).Comment on the results.
$\begin{array}{c} \text {Haans Corp.}\\ \text {Comparative Income Statements}\\ \text {For Years Ended December 31, 2018 and 2017}\\\begin{array}{|l|c|c|}\hline&2018&2017\\\hline \text { Sales } & \$1 , 200,000 & \$1 , 000,000 \\\hline \text { Cost of goods sold } &804,000 & 650,000 \\\hline \text { Gross profit } & \$ 396,000 & \$ 350,000 \\\hline \text { Selling expenses } & 132,000 & 120,000 \\\hline \text { Administrative expenses } & 180,000 & 150,000 \\\hline\text { Net income }&\$84,000&\$80,000\\\hline\end{array}\end{array}$

Recognize the significance of managing emotional aspects of conflicts.

Analyze the implications of poorly set objectives and poorly designed reward systems on conflict.

Appreciate the importance of addressing the underlying causes of conflicts to prevent future occurrences.

Examine the role of cooperation and assertiveness in conflict resolution.

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Definitions:

Couvade Syndrome

A condition where expectant fathers experience pregnancy symptoms like nausea, weight gain, and mood swings.

Polymorphic

Having multiple forms or appearances, often referring to genetic variation within a population.

Genes

are units of heredity made up of DNA that act as instructions to make molecules called proteins, playing a vital role in determining biological traits.

Amino Acids

Organic compounds that combine to form proteins, playing crucial roles in body processes like the synthesis of neurotransmitters and hormones.