Use the Following Selected Information from Wheeler, LLC to Determine

question 82

Multiple Choice

Use the following selected information from Wheeler, LLC to determine the 2017 and 2016 trend percentages for cost of goods sold using 2016 as the base. $$\begin{array} { | l | r | r | } \hline & { \mathbf { 2 0 1 7 } } & { \mathbf { 2 0 1 6 } } \\\hline \text { Net sales } & \$ 276,200 & \$ 231,400 \\\hline \text { Cost of goods sold } & 151,900 & 129,590 \\\hline \text { Operating expenses } & 55,240 & 53,240 \\\hline \text { Net earnings } & 27,820 & 19,820 \\\hline\end{array}$$

• A) 117.2% for 2017 and 100.0% for 2016.
• B) 119.4% for 2017 and 100.0% for 2016.
• C) 55.0% for 2017 and 56.0% for 2016.
• D) 36.4% for 2017 and 41.1% for 2016.
• E) 65.1% for 2017 and 64.6% for 2016.

Identify key historical models of communication and their significance.

Recognize the role of the sender in the communication process.

Distinguish between internal and external sources of noise in communication.

Identify different types of communication (oral, written, electronic, nonverbal).

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Definitions:

Assembly Lines

Manufacturing processes in which parts are added to a product in a sequential manner using optimally planned workflows to create a finished product much faster than with traditional methods.

Test Statistic

A value calculated from sample data during a hypothesis test used to determine whether to reject the null hypothesis.

Critical Value

A threshold value that defines the boundary of the rejection region in hypothesis testing, beyond which the null hypothesis is rejected.

Thalamus

A brain structure acting as a relay station for sensory information, excluding the sense of smell, to the cerebral cortex.