Which Figures Reflect the Current Size and the Growth in Hispanic-Owned

question 9

Multiple Choice

Which figures reflect the current size and the growth in Hispanic-owned businesses for the last five years?

• A) 2.25 million and 31 percent
• B) 2.75 million and 41 percent
• C) 3.15 million and 71 percent
• D) 3.55 million and 81 percent
• E) 4.25 million and 85 percent

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Definitions:

Cost of Goods Sold

The direct monetary requirements for producing goods that a company sells, involving both materials and workforce.

Ending Inventory

The value of goods available for sale at the end of an accounting period, calculated as the beginning inventory plus purchases minus cost of goods sold.

Increases

An upward adjustment or rise in an account value, assets, revenue, or profits within a company's financial statements.

Unearned Rent Revenue

Income received by a landlord in advance of providing rental space or services, recognized as a liability until the obligation is fulfilled.