Table 6-6 Sam's Wholesale Bikes -Refer to Table 6-6

question 132

Multiple Choice

Table 6-6 Sam's Wholesale Bikes $\begin{array} { | l | l | } \hline \text { January } 1 \text { inventory balance } & 15 \text { units at } \$ 350 \text { per unit } \\\hline \text { January } 4 \text { purchase } & 50 \text { units at } \$ 375 \text { per unit } \\\hline \text { January } 15 \text { sale } & 40 \text { units at } \$ 550 \text { per unit } \\\hline \text { February } 8 \text { purchase } & 80 \text { units at } \$ 405 \text { per unit } \\\hline \text { February } 15 \text { sale } & 70 \text { units at } \$ 550 \text { per unit } \\\hline\end{array}$
-Refer to Table 6-6. What is the gross margin for the two months assuming that Sam's uses the periodic inventory FIFO inventory method?

• A)$4,100
• B)$21,600
• C)$11,600
• D)$18,275

Explain the maintenance of intellectual abilities and the role of lifestyle in cognitive aging.

Understand the concept and implications of the Flynn effect on intelligence measurements.

Differentiate between fluid and crystallized intelligence, their characteristics, and examples.

Recognize how intelligence types vary and affect problem-solving strategies.

---

Definitions:

Enforceable

Describes a legal agreement or provision that can be upheld by a court or other legal authority.

Commit a Crime

The act of performing a behavior that is forbidden by law and punishable by the government.

Tort

Tort is a legal term referring to a civil wrong that causes someone else to suffer loss or harm, resulting in legal liability for the person who commits the tortious act.

Void

Describes a contract or legal agreement that has no legal force from the outset and cannot be enforced.