This Question: 4 pts 8 of 19 (5 complet MacMan, Inc. reported the following data

Question

This Question: 4 pts 8 of 19 (5 complet MacMan, Inc. reported the following data: 2019 2018 Amount Percentage Revenues Cost of goods sold Gross proft Operating expenses Sales and marketing expense General and administrative expenses $6,370 $4,940 3,450 2,200 2,920 2,740 $1,430 1,250 180 28.95% 56.82% 6.57% 12.7% (3.53%) (204%) (38.03)% (9.53)% 8 1.44% 710 410 480 425 490 Other expense Total operating expenses Income before income tax (15) (10) (270) (215) 395 2,040 880 2.255 485 A, increased by 28.95% B. decreased by 28.95% ° C. decreased by 56.82% 0 D, increased by 56.82% Click to select your answer.

Explanation / Answer

1) Ans (A) Macman inc. reported that revenue would be increased by 28.95% (i) (ii) (iii)=(i)-(ii) % change 2019 2018 Absolute change Revenue 6370 4940 1430 (1430/4940)*100=28.95% 2) Ans (D ) Macman inc. reported that cost of goods sold is increased by 56.82% (i) (ii) (iii)=(i)-(ii) % change 2019 2018 Absolute change Cost of goods sold 3450 2200 1250 (1250/2200)*100=56.82%

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