During August 2022, Baxter's Supply Store Generated Revenues of $60,000

question 128

Multiple Choice

During August 2022, Baxter's Supply Store generated revenues of $60,000.The company's expenses were as follows: cost of goods sold of $36,000 and operating expenses of $4,000.The company also had rent revenue of $1,000 and a gain on the sale of a delivery truck of $2,000. Baxter's gross profit for August 2022 is

• A)$20,000.
• B)$21,000.
• C)$23,000.
• D)$24,000.

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Definitions:

Experiences

Events, activities, or interactions that one goes through, contributing to one's knowledge, emotions, or understanding of the world.

Word-of-Mouth

The process of informing others about a product, service, or event through oral or written recommendations rather than through formal advertising channels.

Branded Information

Content created by or for a brand that provides value to the audience while subtly promoting the brand itself.

UGC

User-Generated Content; any form of content, such as images, videos, text, and audio, that has been posted by users on online platforms such as social media and wikis.