Use the Following Selected Information from Whitman Corp A) 364% for Year 2 and 41

question 70

Multiple Choice

Use the following selected information from Whitman Corp. to determine the Year 1 and Year 2 common size percentages for cost of goods sold using Net sales as the base. $\begin{array}{lrr}& \text { Year } 2 & \text { Year } 1 \\\text { Net sales } & \$ 276,200 & \$ 231,400 \\\text { Cost of goods sold } & 151,900 & 129,590 \\\text { Operating expenses } & 55,240 & 53,240 \\\text { Net earnings } & 27,820 & 19,820\end{array}$

• A) 36.4% for year 2 and 41.1% for year 1.
• B) 55.0% for year 2 and 56.0% for year 1.
• C) 119.4% for year 2 and 100.0% for year 1.
• D) 117.2% for year 2 and 100.0% for year 1.
• E) 65.1% for year 2 and 56.0% for year 1.

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Definitions:

Institutionalized Conflict

Conflicts that are inherent in the structure of organizations or society, often formalized through policies or procedures.

Red-Tape Bureaucrat

A term for officials or administrators who strictly adhere to rules and formalities, often causing delays or inefficiency.

Unethical

Behavior that goes against moral principles and does not adhere to accepted standards of conduct.

Person-Versus-Person Conflict

Conflict that involves two people who are at odds over personality differences, values conflicts, loyalties, or any number of issues.