Calculate Gross Profit If Sales Are $90,000, Inventory at Beginning

question 71

Multiple Choice

Calculate gross profit if sales are $90,000, inventory at beginning is $5,600, purchases of inventory are $30,500 and inventory at end is $4,900.

• A) $41,000
• B) $59,500
• C) $31,200
• D) $58,800

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Definitions:

Demand For Loanable Funds

The desire by households and firms to borrow money to finance investment projects, where the interest rate is the price of the loan.

REAL Number

A value that represents a quantity along a continuous line, including all rational and irrational numbers.

Math Instructions

Commands in a programming language that perform arithmetic operations, such as addition, subtraction, multiplication, and division.