Eneri Company's Inventory Records Show the Following Data: a Physical

question 104

Multiple Choice

Eneri Company's inventory records show the following data: A physical inventory on December 31 shows 4,000 units on hand. Eneri sells the units for $13 each. The company has an effective tax rate of 20%. Eneri uses the periodic inventory method. If the company uses FIFO, what is the gross profit for the period?

• A) $95,000
• B) $99,266
• C) $99,960
• D) $103,800

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Definitions:

Stereochemistry

The study of the three-dimensional arrangement of atoms in molecules and the effect of this arrangement on chemical reactions and properties.

Methyl Substituents

Groups of atoms, specifically a carbon atom bonded to three hydrogen atoms (-CH3), attached to various molecules, impacting their physical and chemical properties.

Cellulose

A polysaccharide consisting of a linear chain of several hundred to many thousands of β(1→4) linked D-glucose units, a primary structural component of plant cell walls.

Step-Growth Polymer

A type of polymerization where growth occurs through stepwise chemical reactions between monomers, oligomers, and/or polymers.