At the Beginning of the Year, Uptown Athletic Had an Inventory

question 202

Multiple Choice

At the beginning of the year, Uptown Athletic had an inventory of $400,000. During the year, the company purchased goods costing $1,500,000. If Uptown Athletic reported ending inventory of $500,000 and sales of $2,000,000, their cost of goods sold and gross profit rate would be

• A) $1,000,000 and 70%.
• B) $1,400,000 and 30%.
• C) $1,000,000 and 30%.
• D) $1,400,000 and 70%.

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Definitions:

Sex Ratio

The proportion of males to females in a population, which can influence mating behavior and social structure.

Ghalambor And Martin

Researchers known for their contributions to evolutionary biology and ecology, particularly in the context of adaptive variations in populations.

Parasitism Rates

The frequency or proportion at which parasitism occurs within a host population, affecting host dynamics and ecosystem relationships.

Parental Care

The investment made by parents in the survival of their offspring, which can include feeding, protection, and teaching of survival skills.