MacMan, Inc. reported the following data: Revenues Cost of goods sold. Gross profit Operating expenses: Sales and marketing expense General and administrative expenses Research and development expense Other expense Total operating expenses Income before income tax Income tax expense Net income (loss) 2019$6370345029207104104804402040880260$6202018$4940220027406304254907102255485240$245 Amount $1430125018080−15−10(270) (215) 395$20$375 Percentage 28.95%56.82%6.57%12.7%−3.53%−2.04%(38.03) %(9.53) %81.44%8.33%153.06%
The horizontal analysis shows that cost of goods sold has ________. (Round your answer to two decimal places.)
Net Domestic Product Per Capita
A measure of a country's economic output per person, excluding the costs of depreciation of capital goods. It gives an indication of the average standard of living and economic well-being of the population.
Command-based Economy
An economy where production, investment, prices, and incomes are determined centrally by a government.
Gini Coefficient
A measure of the distribution of wealth within a country.
Reserve Requirement
The minimum amount of cash reserves a commercial bank must hold.