If Indiana Ink, Inc

question 174

Multiple Choice

If Indiana Ink, Inc.has net sales of $400,000 and cost of goods sold of $320,000, Indiana Ink's gross profit rate is

• A)80%.
• B)25%
• C)20%.
• D)100%.

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Definitions:

Benzene

A cyclic hydrocarbon with the formula C6H6, characterized by a ring of six carbon atoms connected by alternating double and single bonds.

Bromination

A chemical reaction that involves the addition of bromine to organic compounds, often used to test for unsaturation.

Major Organic Product

In a chemical reaction, it refers to the predominant outcome or compound produced in the highest amount compared to any side products.

Activating Power

Refers to the ability of a group attached to a benzene ring to increase its reactivity towards electrophilic aromatic substitution by making the ring electrons more available.