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GREYUIT [131]
3 years ago
13

In its 2016 annual report, Caterpillar Inc. reported the following (in millions): 2016 2015 Sales $38,537 $47,011 Cost of goods

sold 28,309 33,546 As a percentage of sales, did Caterpillar's gross profit increase or decrease during 2016? Select one: A. Gross profit increased from 26.8% to 28.6% B. Gross profit decreased from 28.6% to 26.5% C. Gross profit increased from 71.4% to 73.2% D. Gross profit decreased from 73.2% to 71.4% E. There is not enough information to answer the question.
Business
1 answer:
Rom4ik [11]3 years ago
6 0

Answer:

B. Gross profit decreased from 28.6% to 26.5%

Explanation:

As for the provided information, we have

Particulars                    Year 2016             Year 2015

Sales                              $38,537                $47,011

Cost of goods sold        $28,309               $33,546

Gross Profit                   $10,228                 $13,465

Gross profit as a percentage of sales shall be:

Year 2016 = \frac{10,228}{38,537} \times 100 = 28.54

Year 2015 = \frac{13,465}{47,011} \times 100 = 28.64

As the percentage is higher of 2015 by 0.1%

The statement B which states that the gross profit has reduced is correct.

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BartSMP [9]

Answer:

telecommuting

Explanation:

Telecommuting is also generally referred to as teleworking and it can be defined as an act which typically involves the process of completing a job function, tasks or work assignments through the use of the internet and in a location other than the office itself.

In this scenario, Nicole works from home full-time for a non-profit organization. She receives work from and sends work to the office via a computer and modem. Thus, this is an example of telecommuting.

3 0
3 years ago
Is Cab Service in the UK is Excellent Choice for Transport?
Andreas93 [3]

Cab services are the best option for transportation in the UK.

Cabs are a type of personalized transport that works in the United Kingdom, this service offers several advantages compared to taxis such as:

  • It is cheaper than taxis.
  • It is more comfortable and less disturbing.
  • They have several options for the number of people traveling.
  • They can be booked easily and quickly
  • Offers a much faster transportation service than buses or black taxis
  • It is available 24 hours a day, 7 days a week.

Based on the above, it can be inferred that Cabs are the best transport service in the UK.

Learn more in: brainly.com/question/23627598

6 0
2 years ago
What could happen if you do not keep track of your checks you write?
velikii [3]
Nothing really, you just might have a better idea of your budget if you do.
3 0
3 years ago
Bank telers need a community college degree.<br> A. True<br> B. False
juin [17]
U don’t need a college degree to be a bank teller
5 0
2 years ago
Read 2 more answers
First National Bank of America has more than 75% of its assets in first residential fixed-rate mortgages that mature in more tha
iris [78.8K]

Answer:

2. Interest income will drop by less than $3 million for a sudden 1% drop in market interest rates

Explanation:

Since in the question it is mentioned that there is decrease in 2021 interest income of $3 million in the case when there is a sudden decline of 1% in the rate of interest of the market this is due to the convexity of the curve as the GAP analysis and assume straight line

So the option 2 is correct

7 0
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