The Portland Division's Operating Data for the Past Two Years

question 108

Multiple Choice

The Portland Division's operating data for the past two years is as follows: The Portland Division's margin in Year 2 was 150% of the margin for Year 1. The sales for Year 2 were:

• A)$750,000
• B)$2,000,000
• C)$3,846,154
• D)$2,400,000

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Definitions:

FTC Order

A formal directive issued by the Federal Trade Commission, often requiring a business to cease unfair practices or take corrective action.

Light-Duty Trucks

Trucks designed for less strenuous tasks, with a focus on transportation rather than heavy hauling.

Light-Duty Vans

Vehicles designed for commercial but not heavy-duty use, often used for deliveries or as work vans.

Dealer

An individual or entity engaged in the buying and selling of goods, securities, or services, often acting as a middleman.