Acomparative income statement is given below for mckenzie sales, ltd., of toronto: mckenzie sales, ltd. comparative income statement this year last year sales $ 7,400,000 $ 5,624,000 cost of goods sold 4,750,000 3,513,500 gross margin 2,650,000 2,110,500 selling and administrative expenses: selling expenses 1,392,000 1,079,000 administrative expenses 704,500 608,500 total expenses 2,096,500 1,687,500 net operating income 553,500 423,000 interest expense 101,000 87,000 net income before taxes $ 452,500 $ 336,000 members of the company’s board of directors are surprised to see that net income increased by only $116,500 when sales increased by $1,776,000. required: 1. express each year's income statement in common-size percentages. (round your percentage answers to 1 decimal place (i. e., 0.1234 should be entered as 12.

Alicia has a collision deductible of $500 and a bodily injury liability coverage limit of $50,000. she hits another driver and injures them severely. the case goes to trial and there is a verdict to compensate the injured person for $40,000 how much does she pay?

When immigration adds to the size of the domestic labor pool, which of the following is likely to occur? a. wages decrease. b. productivity increases. c. consumption decreases. d. minimum wage increases.

6. why the aggregate supply curve slopes upward in the short run in the short run, the quantity of output that firms supply can deviate from the natural level of output if the actual price level in the economy deviates from the expected price level. several theories explain how this might happen. for example, the misperceptions theory asserts that changes in the price level can temporarily mislead firms about what is happening to their output prices. consider a soybean farmer who expects a price level of 100 in the coming year. if the actual price level turns out to be 90, soybean prices will , and if the farmer mistakenly assumes that the price of soybeans declined relative to other prices of goods and services, she will respond by the quantity of soybeans supplied. if other producers in this economy mistake changes in the price level for changes in their relative prices, the unexpected decrease in the price level causes the quantity of output supplied to the natural level of output in the short run.