The PPC Department of Ajax Shows Gross Sales of $805,500

question 5

Multiple Choice

The PPC department of Ajax shows gross sales of $805,500 for computer supplies and $910,500 for office supplies.The cost of the computer supplies was $525,000 and the cost of the office supplies was $485,000.What is the gross profit for each category of the department respectively?

• A)$805,500 and $910,500
• B)$525,000 and $485,000
• C)$280,500 and $425,500
• D)$320,500 and $385,500

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Definitions:

Total Allowable Catch

A fishery management tool that sets a species-specific maximum quantity of fish that can be legally caught and kept over a specified period.

Individual Transferable Quotas

A regulatory tool involving fixed total allowable catch levels for fisheries, with quotas that can be bought, sold, or leased by fishers, aimed at sustainable fishery management.

Catch Sizes

The amount or volume of fish or seafood harvested from the sea or freshwater bodies in a single fishing trip or period.

ITQs

Individual Transferable Quotas, a system used in fishery management whereby individual operators are given the right to catch a specified share of the total allowable catch for a particular fishery.