The Following Is a Listing of Some of the Balance

question 42

Multiple Choice

The following is a listing of some of the balance sheet accounts and all of the income statement accounts for Northview Company as they appear on the company's adjusted trial balance. $\begin{array}{lr}\text { Accounts Payable } & \$ 30,000 \\\text { Accounts Receivable } & 33,000 \\\text { Inventory } & 60,000 \\\text { Advertising Expense } & 36,000 \\\text { Cost of Goods Sold } & 267,000 \\\text { Delivery Expense } & 18,000 \\\text { Income Tax Expense } & 6,000 \\\text { Insurance Expense } & 3,000 \\\text { Rent Expense } & 36,000 \\\text { Sales Revenue } & 480,000 \\\text { Sales Discounts } & 33,000 \\\text { Sales Returns \& Allowances } & 57,000\end{array}$ The gross profit percentage would be closest to:

• A)25.6%.
• B)31.5%.
• C)55.6%.
• D)68.5%.

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Definitions:

Trivial Thought

Insignificant or inconsequential thinking that lacks depth or importance.

Primal Anxiety

A fundamental form of anxiety thought to be rooted in the earliest stages of an individual's development.

Birth Trauma

Psychological or physical injury sustained by a newborn during the birth process, or the emotional impact on a mother resulting from complications during childbirth.

Psychoanalytic Theory

A theory of personality development and therapeutic framework that focuses on unconscious processes influencing behavior, developed by Freud.