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

question 149

Multiple Choice

MacMan,Inc.reported the following data: $\begin{array}{|l|r|r|r|r|}\hline &2019 & 2018 & \text { Amount } & \text { Percentage } \\\hline\text { Revenues } & \$ 6370 & \$ 4980 & \$ 1390 & 27.91 \% \\\hline \text { Cost of goods sold } & 3370 & \underline{2500} & \underline{870} & 34.80 \% \\\hline \text { Gross profit } & 3000 & 2480 & 520 & 20.97 \% \\\hline \text { Operating expenses: } & & & & \\\hline \text { Sales and marketing expense } & 730 & 630 & 100 & 15.87,00 \% \\\hline\text { General and administrative } & 420 & 440 & -20 & -4.55 \% \\\text { expenses } & & & & \\\hline \text { Research and development } \\\text { expense } & 470 & 410 & 60 & 14.63 \%\\ \hline\text { Other expense }& 430 & 730 & (300) & (41.10) \%\\\hline \text { Total operating expenses } & \underline{2050} & 2210 & (160) & (7.24) \% \\\hline \text { Income before income tax } & 950 & 270 & 680 & 251.85 \% \\\hline \text { Income tax expense } & \underline{260} & \underline{250} & \$ 10 & 4 \% \\\hline \text { Net income (loss) } & \$ 690 & \$ 20 & \$ 670 & 3350 \% \\\hline\end{array}$
The horizontal analysis shows that cost of goods sold has ________.(Round your answer to two decimal places.)

• A) increased by 27.91%
• B) decreased by 27.91%
• C) increased by 34.80%
• D) decreased by 34.80%

Understand the role and authority of labour relations boards including certification of unions and holding representation votes.

Comprehend employment laws related to workplace treatment and employee rights, including constructive dismissal and discrimination.

Identify laws protecting employees from workplace harassment and discrimination.

Understand the scope of employment contract law including aspects of the employment contract.

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Definitions:

Marginal Cost

The rise in expense associated with manufacturing an extra unit of a product or service.

Shut Down

A short-term decision by a company to cease operations temporarily due to unfavorable market conditions or to minimize losses when variable costs exceed total revenues.

Maximizes Profit

The strategy or process implemented to increase the difference between total revenue and total costs to the highest possible amount.

Marginal Revenue

Income gained by selling an additional unit of a product or service.