H Hunter Company's Records Indicate the Following Information for the Year

question 97

Multiple Choice

H. Hunter Company's records indicate the following information for the year: $$\begin{array} { l r } \text { Merchandise inventory, 1/1 } & \$ 550,000 \\\text { Purchases } & 2,250,000 \\\text { Net sales } & 3,200,000\end{array}$$ On December 31, a physical inventory determined that ending inventory of $500,000 was in the warehouse. H. Hunter's gross profit on sales has remained constant at 30%. H. Hunter suspects some of the inventory may have been taken by some new employees. At December 31, what is the estimated cost of missing inventory?

• A) $60,000
• B) $100,000
• C) $150,000
• D) $1,340,000

---

Definitions:

Rough-and-tumble Play

A form of play that involves physical activities such as running, jumping, and wrestling, but is not intended to be harmful.

Gender Differences

The disparities in characteristics, behaviors, or attitudes observed between males and females, often shaped by both biological and social factors.

Play

A voluntary and intrinsically motivated activity typically associated with pleasure, exploration, and learning.

Self-concept

An individual's perception of themselves, encompassing beliefs, feelings, and thoughts about one’s abilities, appearance, and values.