Question 15 - The net income for a company was $315,000 last year and is $270,000 this year. The percent of increase or decrease was

	16.7%.
	14.3%.
	26.4%.
	86.0%.

Question 18 - Departmental direct operating margin less departmental indirect expenses equals

	direct operating expenses.
	departmental income.
	total operating income.
	departmental operating income.

Question 11 - The cost of goods sold for a company for the year was $1,600,000. Merchandise inventory at the beginning of the year was $195,000 and merchandise inventory at the end of the year was $205,000. The average number of days that the inventory was held during the year was

	8.0 days.
	25.0 days.
	39.6 days.
	45.6 days.

The PJC department of McIntyre Company shows gross sales of $730,600 for computer supplies and $934,900 for general office supplies. It has determined that computer supplies cost $534,000 and that general office supplies cost $391,400. What is the total gross profit for the PJC department?

(2pts)

Question 12 - The PJC department of McIntyre Company shows gross sales of $730,600 for computer supplies and $934,900 for general office supplies. It has determined that computer supplies cost $534,000 and that general office supplies cost $391,400. What is the total gross profit for the PJC department?

	$934,900
	$754,000
	$1,590,900
	$740,100

Question 13 - Total liabilities divided by total stockholders' equity is the calculation for the

	current ratio.
	ratio of liabilities to stockholders' equity.
	return on equity ratio.
	times interest earned ratio.

Normally, the report prepared for a department is a(n)

(2pts)

Question 14 - Normally, the report prepared for a department is a(n)

	balance sheet.
	income statement.
	statement of retained earnings.
	cash flow statement.