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2013 2014 2015 Total Revenue 1,000,000 950,000 850,500 Cost of Sales (direct expenses) 104,000 110,000 115,000 Wages and Benefits 395,000 395,000 396,000 Cost of Goods Sold 499,000 505,000 511,000 Operating/Indirect Expenses Rent 27,000 30,000 32,500 Advertising 19,800 18,000 18,000 Total Operating Expenses 46,800 48,000 50,500 Net Profit/Loss 454,200 397,000 289,000 Question content area bottom Part 1 Doing a horizontal analysis of this financial statement, you are most concerned about" A. Revenues B. Cost of goods sold C. Cost of goods sold and revenues D. Changes in profitability

2013 2014 2015 Total Revenue 1,000,000 950,000 850,500 Cost of Sales (direct expenses) 104,000 110,000 115,000 Wages and Benefits 395,000 395,000 396,000 Cost of Goods Sold 499,000 505,000 511,000 Operating/Indirect Expenses Rent 27,000 30,000 32,500 Advertising 19,800 18,000 18,000 Total Operating Expenses 46,800 48,000 50,500 Net Profit/Loss 454,200 397,000 289,000 Question content area bottom Part 1 Doing a horizontal analysis of this financial statement, you are most concerned about" A. Revenues B. Cost of goods sold C. Cost of goods sold and revenues D. Changes in profitability

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter22: Inflation
Section: Chapter Questions
Problem 18RQ: What is deflation?
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2013 2014 2015 Total Revenue 1,000,000 950,000 850,500 Cost of Sales (direct expenses) 104,000 110,000 115,000 Wages and Benefits 395,000 395,000 396,000 Cost of Goods Sold 499,000 505,000 511,000 Operating/Indirect Expenses Rent 27,000 30,000 32,500 Advertising 19,800 18,000 18,000 Total Operating Expenses 46,800 48,000 50,500 Net Profit/Loss 454,200 397,000 289,000 Question content area bottom Part 1 Doing a horizontal analysis of this financial statement, you are most concerned about" A. Revenues B. Cost of goods sold C. Cost of goods sold and revenues D. Changes in profitability
Transcribed Image Text:2013 2014 2015 Total Revenue 1,000,000 950,000 850,500 Cost of Sales (direct expenses) 104,000 110,000 115,000 Wages and Benefits 395,000 395,000 396,000 Cost of Goods Sold 499,000 505,000 511,000 Operating/Indirect Expenses Rent 27,000 30,000 32,500 Advertising 19,800 18,000 18,000 Total Operating Expenses 46,800 48,000 50,500 Net Profit/Loss 454,200 397,000 289,000 Question content area bottom Part 1 Doing a horizontal analysis of this financial statement, you are most concerned about" A. Revenues B. Cost of goods sold C. Cost of goods sold and revenues D. Changes in profitability
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