It is acceptable for an employee to reveal ________
A) confidential information
B) private information
C) trade secrets
D) None of the above
Answer: D
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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
All of the following are options in which to treat sampling frame error EXCEPT:
A) the population can be redefined in terms of the sampling frame. B) the representativeness of the research frame can be verified during the data collection process. C) the data can be statistically adjusted by weighing under- or overrepresented segments to achieve a more representative sample. D) B and C E) A, B and C represent options to treat sampling frame error.