Use This Graph to Answer the Question

question 52

Multiple Choice

Use this graph to answer the question.
-What were the total sales for the first 6 months of 2009?

• A)$240,000
• B)$366,000
• C)$290,000
• D)$46,000

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Definitions:

Merchandise Inventory

The total value of a retailer's goods that are available for sale to customers.

Estimated Cost

A prediction or forecast of the future cost of a project, operation, or production based on current data and trends.

Gross Profit Rate

A financial metric that measures the difference between sales and the cost of goods sold, expressed as a percentage of sales.

Merchandise Inventory

The goods a company holds for the purpose of resale to customers.