The Following Information Comes from the Annual Reports of Devin

question 15

Multiple Choice

The following information comes from the annual reports of Devin Designs.
$$\begin{array} { | l | r | r | r | } \hline & { \mathbf { 2 0 1 7 } } & { \mathbf { 2 0 1 5 } } &\mathbf {2 0 1 5 } \\\hline \text { Beginning irventary } & ? & ? & 2 , 2 5 0\\\hline \text { Purchases } & 12,652 & ? & ? \\\hline \text { Goods available for sale } & ? & ? & 12 ,899\\\hline \text { Ending irventary } & ? &2 , 6 6 2 & ? \\\hline \text { Cost of goods sald } & 12,213 & 10 , 9 08& 10,490 \\\hline\end{array}$$

What is the amount of purchases for 2016?

• A)$8,246
• B)$11,161
• C)$13,570
• D)$10,643

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Definitions:

Credentialism

The practice of valuing credentials for jobs or social status more than actual skills or abilities.

Professionalization

Refers to the process of establishing a set of standards, ethics, and qualifications for a specific occupation, turning it into a recognized profession.

Meritorious Distinction

Recognition or award given for outstanding achievement or excellence.

Social Standing

The position or rank of a person or group within society, often influenced by factors like wealth, occupation, or family background.