McMann Company Has a Condensed Income Statement as Shown Using Horizontal Analysis, Calculate the Amount and Percent Change for

question 198

Multiple Choice

McMann Company has a condensed income statement as shown:: $$\begin{array} { | l | l | l | } \hline & \mathbf { 2 1 4 } & \mathbf { 2 0 1 3 } \\\hline \text { Sales } & \$ 198,000 & \$ 165,500 \\\hline \text { Total operating expenses } & 163,000 & 147,500 \\\hline \text { Net income } & 35,000 & 18,000 \\\hline & & \\\end{array}$$ Using horizontal analysis, calculate the amount and percent change for Sales. Round to one decimal place.

• A) $32,500, 19.6%
• B) $18,000, 10.9%
• C) $35,000, 17.7%
• D) $17,000, 9.4%

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Definitions:

Rewarding

Providing benefits, recognition, or compensation as an acknowledgment of effort, achievement, or desirable behavior.

Maintenance Activities

Support the emotional life of the team as an ongoing social system.

Intergroup Competition

The rivalry between different groups or teams, used as a strategy to boost motivation or performance by fostering a sense of competition.

Internal Loyalty

Devotion and commitment an employee feels towards their organization or team, often resulting in increased motivation, productivity, and a willingness to go above and beyond.