Crabapples,Inc What Is the Cost Per Box of Dry Fruits If

question 91

Multiple Choice

Crabapples,Inc.purchases and sells boxes of dried fruit.The following information summarizes its operating activities for the year: $\begin{array} { | l | r | } \hline \text { Selling Expenses } & \$ 10,000 \\\hline \text { Merchandise Inventory on December } 31 & 32,000 \\\hline \text { Merchandise Inventory on January 1 } & 46,000 \\\hline \text { Purchases of merchandise } & 82,500 \\\hline \text { Rent for store } & 12,700 \\\hline \text { Sales commissions } & 7100 \\\hline \text { Sales revenue } & 168,000 \\\hline\end{array}$ What is the cost per box of dry fruits if Crabapples sold 4000 boxes of dry fruit during the year? (Round your answer to the nearest cent.)

• A) $8.00
• B) $42.00
• C) $32.13
• D) $24.13

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Definitions:

Economic Colony

A region or country under the economic control or influence of another, often exploited for its resources.

Prime Exporter

A country or firm that is the leading seller of goods or services to foreign countries, thereby holding a significant share of international trade in certain commodities or products.

Trade Surplus

A situation where a country exports more goods and services than it imports, leading to a positive balance of trade.

Tariffs

Taxes imposed on imported goods, often used to protect domestic industries from foreign competition.