The availability, depth, and reliability of economic and marketing information in different countries vary extensively
Indicate whether the statement is true or false
TRUE
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Gomer paid the seller of a car with a worthless cheque. He then sold the car to an innocent person who paid him good consideration. Gomer took the money and left the country. The original seller found out who had the car and wanted it back. Who is entitled to the car if the court holds that the contract between the original seller and Gomer is voidable?
A) Original seller B) Gomer C) Innocent purchaser D) The innocent purchaser, but he must pay damages to the original seller E) The original seller, but he must pay compensation to the innocent party
Atlantis, Inc reported the following data
2017 2016 Amount Percentage Revenues $6,390 $4,940 $1,450 29.35% Cost of goods sold 3,410 2,400 1,010 42.08% Gross profit 2,980 2,540 440 17.32% Operating expenses: Sales and marketing expense 720 600 120 20% General and administrative expenses 450 445 5 1.12% Research and development expense 480 470 10 2.13% Other expense 420 750 (330 ) (44.00 )% Total operating expenses 2,070 2,265 (195 ) (8.61 )% Income before income tax 910 275 635 230.91% Income tax expense 240 220 $20 9.09% Net income (loss) $670 $55 $615 1,118.18% The horizontal analysis shows that cost of goods sold has ________. (Round your answer to two decimal places.) A) increased by 29.35% B) decreased by 29.35% C) increased by 42.08% D) decreased by 42.08%