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

question 111

Multiple Choice

McMann Company has a condensed income statement as shown::
$\begin{array}{|l|l|l|}\hline & \mathbf{2 0 1 4} & 2013 \\\hline \text { Sales } & \$ 150,000 & \$ 165,500 \\\hline \text { Total operating expenses } & 133,000 & 147,500 \\\hline \text { Net income } & 17,000 & 18,000 \\\hline\end{array}$
Using horizontal analysis,calculate the amount and percent change for Sales.Round to one decimal place.

• A)(17,000), (11.3%)
• B)(15,500), (10.3%)
• C)($18,000), (10.9%)
• D)($15,500), (9.4%)

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Definitions:

Cultural Expectations

The shared norms and values that dictate acceptable behavior and practices within a specific culture or society.

Pansexuality

Romantic and sexual desire for people regardless of their gender identity or biological sex.

Romantic Desire

The intense feeling of wanting to form a romantic relationship or connect emotionally and physically with someone.

Commodified Sexuality

The transformation of sexual objects, services, or relationships into commodities for sale in the market.