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A Company Shows the Following Balances: What Is the Gross

question 184

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A company shows the following balances: A company shows the following balances:   What is the gross profit rate? A)  56% B)  70% C)  44% D)  30% What is the gross profit rate?


Definitions:

Replenished

The process of filling up or restoring a stock or supply of something to its previous level or condition.

Every Day

A term denoting something that occurs regularly each day; however, in a financial or business context, it might refer to daily operations or tasks but this usage is not specific.

Petty Cash Fund

A small amount of cash kept on hand in a business for covering minor, routine expenses without issuing checks or electronic payments.

Journal Entry

A record in accounting that represents a transaction where there is at least one debit and one credit in the company's accounts.

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