The Following Is a Summary of Information Presented on the Financial

question 112

Multiple Choice

The following is a summary of information presented on the financial statements of a company on December 31,2017. $$\begin{array} { | l | r | r | } \hline \text { Account } & { \mathbf { 2 0 1 7 } } & { \mathbf { 2 0 1 6 } } \\\hline \text { Net Sales Revenue } & \$ 604,000 & \$ 504,000 \\\hline \text { Cost of Goods Sold } & 453,000 & \underline { 400,000 } \\\hline \text { Gross Profit } & 151,000 & 104,000 \\\hline \text { Selling Expenses } & \underline { 58,000 } & \underline { 50,000 } \\\hline \text { Net Income Before Income Tax Expense } & 93,000 & 54,000 \\\hline \text { Income Tax Expense } & \underline { 41,000 } & \underline { 21,000 } \\\hline \text { Net Income } & \$ 52,000 & \$ 33,000 \\\hline\end{array}$$ With respect to net sales revenue,a horizontal analysis reveals ________.

• A)a 19.84% increase in net sales revenue
• B)a 238.48% decrease in net sales revenue
• C)a decrease of $53,000 in net sales revenue
• D)a $53,000 increase in net sales revenue

Evaluate organizational schemes for their coherence and adherence to classification rules.

Understand the relationship between concepts, genus, and species in organizational schemes.

Analyze the requirement for species to be equally abstract at the same level of organization.

Understand the concept of hierarchical organization and the principle of joint exhaustiveness.

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Definitions:

Injuries

Harm or damage to the body caused by accidents, falls, hits, weapons, and other external forces.

Intensity

The magnitude or strength of a phenomenon, such as light, sound, or an emotion.

Level of Service

A measure of the quality or extent of service provided to customers or clients in various industries.

Alphabetic Index

A system of organizing and listing items, such as words or names, in alphabetical order for easy reference and retrieval.