Atlantis,Inc The Horizontal Analysis Shows That Cost of Goods Sold Has

question 41

Multiple Choice

Atlantis,Inc.reported the following data: $\begin{array}{|l|r|r|r|r|}\hline & 2017 & 2016 & \text { Amount } & \text { Percentage } \\\hline \text { Revenues } & \$ 6,390 & \$ 4,940 & \$ 1,450 & 29.35 \% \\\hline \text { Cost of goods sold } & 3,410 & 2,400 & 1,010 & 42.08 \% \\\hline \text { Gross profit } & 2,980 & 2,540 & 440 & 17.32 \% \\\hline \text { Operating expenses: } & & & & \\\hline \text { Sales and marketing expense } & 720 & 600 & 120 & 20 \% \\\hline \text { General and administrative } & 450 & 445 & 5 & 1.12 \% \\\text { Expenses } & & & & \\\hline\begin{array}{l} \text { Research and development } \\\text { expense }\end{array} & 480 & 470 & 10 & 2.13 \% \\\hline \text { Other expense } & 420 & 750 & (330) & (44.00) \% \\\hline \text { Total operating expenses } & 2,070 & 2,265 & (195) & (8.61) \% \\\hline \text { Income before income tax } & 910 & 275 & 635 & 230.91 \% \\\hline \text { Income tax expense } & 240 & 220 & \$ 20 & 9.09 \% \\\hline \text { Net income (loss) } & \$ 670 & \$ 55 & \$ 615 & 1,118.18 \% \\\hline\end{array}$ The horizontal analysis shows that cost of goods sold has ________.(Round your answer to two decimal places. )

• A)increased by 29.35%
• B)decreased by 29.35%
• C)increased by 42.08%
• D)decreased by 42.08%

Calculate probabilities related to exponential distributions.

Distinguish between exponential and other types of distributions.

Identify the parameter λ in exponential distributions and understand its relation to the mean and variance.

Interpret the exponential distribution's density function.

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Definitions:

Stock Dividend

A payment of additional shares of stock to shareholders instead of cash.

Financing Activities

Activities that result in changes in the size and composition of the equity capital or borrowings of an entity.

Declaration

An official statement, announcement, or acknowledgment made by an authority.

Comparative Statement

A financial analysis tool that compares two or more financial statements to identify trends or changes over a period.