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During August, the first month of the fiscal year, sales totaled $875,000 and the cost of merchandise available for sale totaled $850,000. Estimate the cost of the merchandise inventory as of August 31, based on an estimated gross profit rate of 45%.
Tactical Greening
A type of environmental marketing activity that involves implementing limited change within a single area of the organization.
Environmental Issues
Concerns related to the impact of human activity on the natural environment, including pollution, climate change, and biodiversity loss.
Functional Area
Specific departments within a business, such as marketing, finance, or human resources, each focusing on particular aspects of the company’s operations.
Sustainable Fishing
Fishing practices that maintain fish populations at a healthy level without jeopardizing the ecosystem's conditions or the ability of future generations to meet their needs.
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