A Company Just Starting in Business Purchased Three Merchandise Inventory

question 119

Multiple Choice

A company just starting in business purchased three merchandise inventory items at the following prices: first purchase, $100; second purchase, $120; third purchase, $125. If the company sold two units for a total of $400 and used FIFO, the gross profit for the period would be

• A) $220.
• B) $180.
• C) $245.
• D) $155.

Identify and revise zombie nouns in business writing for clearer communication.

Recognize the importance of conciseness in various forms of communication, including microblogging.

Analyze the effect of converting verbs to nouns on the professionalism and strength of business writing.

Apply specific verbs, concrete nouns, and vivid adjectives for clearer and more effective writing.

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Definitions:

Health And Safety

Regulations and practices designed to prevent accidents and injuries in workplaces and public environments.

Private Companies

Private companies are businesses owned by individuals or groups that do not trade their stock publicly on stock exchanges.

Public Companies

Companies whose shares are traded publicly on stock exchanges, allowing for wider ownership by investors.

Violated

Breached or transgressed, referring to a situation where laws, rules, or agreements are not followed.