Barger-Volvov Company Had the Following Information at December 31, 2012

question 94

Multiple Choice

Barger-Volvov Company had the following information at December 31, 2012: If the cost of goods manufactured during the year amounted to $332,500 and annual sales were $499,000, how much is the amount of gross profit for the year?

• A)$166,500
• B)$151,500
• C)$326,500
• D)$172,500

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Definitions:

Eating Disorder

A group of psychological conditions marked by abnormal or disturbed eating habits that negatively affect a person's physical and mental health.

Cognitive-Behavioral Therapy (CBT)

Treatment focused on changing negative patterns of thinking and solving concrete problems through brief sessions in which a therapist helps a client challenge negative thoughts, consider alternative perspectives, and take effective actions.

Interpersonal Therapy (IPT)

More structured, short-term version of psychodynamic therapies.

Bulimia Nervosa

A disorder involving cycles of excessive eating and then engaging in behaviors to avoid gaining weight by purging.