Andrea's Fashions Sold Merchandise for $190,000 Cash During the Month

question 120

Multiple Choice

Andrea's Fashions sold merchandise for $190,000 cash during the month of July.Returns that month totaled $4,000.If the company's gross profit rate is 40%, Andrea's will report monthly net sales revenue and cost of goods sold of

• A)$190,000 and $114,000.
• B)$186,000 and $74,400.
• C)$186,000 and $111,600.
• D)$190,000 and $111,600.

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Definitions:

Sensory Adaptation

The procedure through which receptors sensing the environment become less alert to unchanged stimuli through time.

Sensory Sensitization

An increased response to a stimulus following repeated exposure to it.

Pain Pathway

Refers to the physiological processes that convey pain signals from the body's peripheral receptors through the spinal cord to the brain.

Pheromone

A chemical substance produced and released into the environment by an animal, affecting the behavior or physiology of others of its species.