Gannon Company Had the Following Information at December 31

question 42

Multiple Choice

Gannon Company had the following information at December 31: If the cost of goods manufactured during the year amounted to $1,260,000 and annual sales were $1,650,000, the amount of gross profit for the year is

• A) $390,000.
• B) $1,200,000.
• C) $450,000.
• D) $330,000.

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Definitions:

Data-Driven Story

A narrative or explanation informed and supported by data, emphasizing the importance of evidence in understanding a topic.

Infographics

Graphical visualizations that aim to simplify complex information into a digestible and visually engaging format.

Animation

The process of creating motion and shape change illusions by means of the rapid display of a sequence of static images that minimally differ from each other.

Gantt Chart

A type of bar chart that illustrates a project schedule, showing the start and finish dates of elements.