The PPC Department of Ajax Shows Gross Sales of $805,600

question 75

Multiple Choice

The PPC department of Ajax shows gross sales of $805,600 for computer supplies and $910,600 for office supplies. The cost of the computer supplies was $530,000 and the cost of the office supplies was $488,000. What is the gross profit for each category of the department respectively?

• A) $317,600 and $380,600
• B) $275,600 and $910,600
• C) $275,600 and $422,600
• D) $805,600 and $422,600

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Definitions:

Taxation

The process by which governments finance their expenditure by imposing charges on citizens and corporate entities.

Treasury Bond

A long-term, interest-bearing security issued by the U.S. Treasury with a maturity period typically longer than ten years.

Ask

The lowest price a seller is willing to accept for a security.

AAA Corporate Bonds

High-grade corporate bonds rated AAA, indicating the highest level of creditworthiness and lowest risk of default.