Assume You Are Using Net Sales as the Base in Vertical

question 108

Multiple Choice

Assume you are using net sales as the base in vertical analysis. Cost of goods sold in 2013 is 67%, and is 70% in 2014. This would always indicate that:

• A) gross margin has declined
• B) cost of goods sold as a percentage of net sales has increased
• C) the dollar amount of cost of goods sold has increased
• D) gross margin has declined, cost of goods sold as a percentage of net sales has increased, and the dollar amount of cost of goods sold has increased

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Definitions:

Population Means

The average of all the values in a population, representing the central tendency of the population data.

Multiple Regression

A method in statistics that employs multiple predictor variables to forecast the value of a dependent variable.

Academic Performance

A measure of student achievement across various academic subjects, typically based on grades, test scores, and other criteria.

SATM

Often refers to the mathematics section of the SAT, a standardized test widely used for college admissions in the United States.