Ted Runs a Shoe Store

question 58

Multiple Choice

Ted runs a shoe store. His gross sales for the week were $5100 and his returns were $1400. What were Ted's net sales? Use the formula G = N + R, where G is gross sales, N is net sales, and R is returns.

• A) $5100
• B) $1400
• C) $3700
• D) $3900

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Definitions:

Common Shares

Equity securities that represent ownership in a corporation, giving holders voting rights and a share in the company’s profits via dividends.

Internet Companies

Businesses that operate primarily on the internet, offering services or products through digital platforms, often focusing on technology, e-commerce, or social media.

Growth Opportunities

Potential scenarios or projects that can increase the profitability and size of a business.

Earnings Yields

The inverse of the price-to-earnings ratio, representing the earnings generated by a company per share relative to its share price, often used to compare the profitability of investments.