In 2014,what Was the Average Canadian Income

question 172

Multiple Choice

In 2014,what was the average Canadian income

• A)$25,368
• B)$29,000
• C)$36,800
• D)$49,000

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Definitions:

Merchandise Sold

Merchandise sold refers to the goods that have been purchased by customers from a company, resulting in revenue.

Gross Profit

The difference between revenue and the cost of goods sold before deducting overheads, payroll, taxation, and interest payments.

Credit Memo

A document issued by a seller to a buyer, reducing the amount owed by the buyer due to a return, error, or allowance.

Merchandise Returned

Refers to goods that have been sold and then returned by the customer due to various reasons such as defects or dissatisfaction.