Where would you find an explanation as to why sales had increased by 25%?Select one:a.Common size financial statementsb.Management’s discussion and analysisc.Balance sheetd.Income statement

If your organisation experienced a revenue growth or decline rate that exceeded 25% annually over the past three fiscal years, please provide a concise explanation for the factors contributing to this notable change in financial performance

The price of an article increased by 25% due to which its sale decreased by 40%. Find the percentage decrease in the revenue generated.

Question 10A sales manager is reviewing the monthly sales report with their team. The report shows a significant increase in sales volume – the company made twice as many sales compared to the previous month. However, the total profit for the month has actually decreased. What could be the explanation for this contradictory situation? Select all that apply. 1 pointProfit values may be missing from the data.There might be errors in the data entry for sales figures.The original sales data was not backed up properly. Extra data skewed the results.

You've been provided with the following information about a businessComplete a horizontal analysis for the "Cost of sales" account. Round the percentage change to one decimal place (1 mark).Note: Do not enter the "%" symbol when entering your answer. For example if your answer is "5.1%", only enter "5.1".Profit and loss statement Current year Prior yearRevenue 15000 10000Less Cost of sales 6500 3000Gross profit 8500 7000Less expenses Marketing Expense 2000 1800Rent Expense 1500 1500Wages Expense 800 1000Utilities Expense 1500 1500Net profit 2700 1200

Required informationSkip to question[The following information applies to the questions displayed below.] The following data were provided by Mystery Incorporated for the year ended December 31: Cost of Goods Sold $ 170,000Income Tax Expense 19,230Merchandise Sales (gross revenue) for Cash 250,000Merchandise Sales (gross revenue) on Credit 44,000Office Expense 19,500Sales Returns and Allowances 7,350Salaries and Wages Expense 42,200Did the gross profit percentage in the current year improve, or decline, relative to the 39% gross profit percentage in the prior year? multiple choiceImproveDecline