Answered step by step
Verified Expert Solution
Question
1 Approved Answer
problem split into 2 pictures to show all of problem 2018 54.930 2.300 2,630 Amount Percentage $1,440 29 21% 1,130 49.1396 310 11.79% MacMan, Inc.
problem split into 2 pictures to show all of problem
2018 54.930 2.300 2,630 Amount Percentage $1,440 29 21% 1,130 49.1396 310 11.79% MacMan, Inc. reported the following data: 2019 Revenues $6.370 Cost of goods sold 3.430 Gross profit 2.940 Operating expenses Sales and marketing expense 690 General and administrative expenses 410 Research and development expense 500 Other expense 490 580 110 18.97% 470 (60) (12.77)% 440 695 60 (205) 13.64% (29.5)% an O A. decreased by 29 21% O B. decreased by 49.13% OC. increased by 29 21% O D. increased by 49.13% 110 18.97% (60) (12.77)% Operating expenses Sales and marketing expense 690 580 General and administrative expenses 410 470 Research and development expense 500 440 Other expense 490 695 Total operating expenses 2,090 2,185 Income before income tax 850 445 Income tax expense 310 230 Net income (loss) $540 5215 The horizontal analysis shows that cost of goods sold has 60 13.64% (205) (29.5)% (95) (4.35% 405 91.01% 580 34 78% $325 151 16% (Round your answer to two decimal places.) O A. decreased by 29 21% OB. decreased by 49 13% OC. Increased by 29 21% OD. increased by 49 13%Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started