Yosma manages a clothing store. In November, sales were $192,300. In December, sales were $286,975. What was the rate of change? (Round to the nearest hundredth)
A. 11.7% increase
B. 49.23% increase
C. 49.23% decrease
D. 22.4% decrease
Answer: B
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Primary data can usually be obtained more quickly and at a lower cost than secondary data
Indicate whether the statement is true or false
Ann has a portfolio of 20 average stocks, and Tom has a portfolio of 2 average stocks. Assuming the market is in equilibrium, which of the following statements is CORRECT?
A. The required return on Ann's portfolio will be lower than that on Tom's portfolio because Ann's portfolio will have less total risk. B. Tom's portfolio will have more diversifiable risk, the same market risk, and thus more total risk than Ann's portfolio, but the required (and expected) returns will be the same on both portfolios. C. If the two portfolios have the same beta, their required returns will be the same, but Ann's portfolio will have less market risk than Tom's. D. The expected return on Jane's portfolio must be lower than the expected return on Dick's portfolio because Jane is more diversified. E. Ann's portfolio will have less diversifiable risk and also less market risk than Tom's portfolio.
Financial statements prepared using generally accepted accounting principles:
a. use historical costs and are not adjusted for the effects of increasing prices. b. use historical costs and are adjusted for the effects of increasing prices. c. use market–based costs and are not adjusted for the effects of decreasing prices. d. use market–based costs and are adjusted for the effects of increasing prices.
Highly centralized management and strict operating procedures for each phase of business characterize _____
a. mass merchandising b. rationalized retailing c. positioned retailing d. risk-minimization retailing