On January 1, 2010, the Merchandise Inventory of Morton, Ltd

question 66

Multiple Choice

On January 1, 2010, the merchandise inventory of Morton, Ltd.was $1.2 million.During 2010 Morton purchased $2,300,000 of merchandise and recorded sales of $2.7 million.The gross profit rate on these sales was 35%.
What is the merchandise inventory of Morton at December 31, 2010?

• A)$1,125,000.
• B)$1,745,000.
• C)$1,765,000.
• D)$945,000.

Understand the legal and ethical considerations inherent in IT management and usage.

Understand the definition and functionalities of unmanned aerial vehicles (drones).

Distinguish between technology users and informed users, along with understanding the benefits of being an informed user.

Analyze the impact of IT on the transportation and travel industry.

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Definitions:

Confidentiality

The ethical and legal duty to protect personal or sensitive information from being disclosed without the consent of the person it pertains to.

Health Delivery Service

Organizations and systems that provide healthcare and medical services to populations.

Systemic Interference

This term could describe disruptions or impediments that affect a system's functioning, whether in biological, ecological, technological, or social contexts.

Prevention Intervention

Actions or strategies designed to stop a problem or issue before it occurs or to prevent its worsening.