There are two critical factors in identifying the technique used when the data are nominal. The first is the problem objective. The second is the number of ____________________ that nominal variable can assume
Fill in the blank(s) with correct word
categories
You might also like to view...
When is interest expense more than interest paid?
A) when bonds are sold at a premium B) when bonds are sold at a margin C) when bonds are sold at a discount D) when bonds are sold at a yield
The length of time individuals are able to listen, and the amount of information they are able to absorb is fairly equal from person to person
Indicate whether the statement is true or false.
The underlying thesis of ethical relativism DOES NOT imply that
A. in a multinational company, application of ethical relativism equates to multiple sets of ethical standards. B. a company that adopts the principle of ethical relativism and holds company personnel to local ethical standards necessarily assumes that what prevails as local morality is an adequate guide to ethical behavior. C. when there are cross-country or cross-cultural differences in ethical standards, it is appropriate for ethical standards in a company's home market to take precedence over what the local ethical standards may be. D. according to the ethical relativism school of thinking, a "one-size-fits-all" template for judging the ethical appropriateness of business actions and the behaviors of company personnel does not exist. E. there are few absolutes when it comes to business ethics and thus few ethical absolutes for consistently judging a company's conduct in various countries and markets.
The vertical analysis statement of Bateman, Inc is as shown below
Bateman, Inc Comparative Income Statement Years Ended December 31, 2017 and 2016 (In millions) 2017 Percent of Total 2016 Percent of Total Net Sales $6,355 100.0% $4,920 100.0% Cost of Goods Sold 3,370 53.0 2,200 44.7 Gross Profit 2,985 47.0 2,720 55.3 Operating Expenses: Selling Expenses 675 10.6 580 11.8 Administrative expenses 410 6.5 425 8.6 Total Operating Expenses 1,085 17.1 1,005 20.4 Operating Income 1,900 29.9 1,715 34.9 Other Revenues and (Expenses): Interest Revenue 0 0 0 0.0 Interest Expense (400 ) (6.3 ) (695 ) (14.1 ) Total Revenues and (Expenses) (400 ) (6.3 ) (695 ) (14.1 ) Income Before Income Taxes 1,500 23.6 1,020 20.7 Income Tax Expense 230 3.6 210 4.3 Net Income $1,270 20.0% $810 16.5% The figure 47.0% shown for gross profit in 2017 signifies that the gross profit is ________. A) equal to 47.0% of net income B) increased by 47.0% over the previous year C) 47.0% of net sales revenue D) 47.0% of cost of goods sold