Refer to the Following Information to Answer the Question(s)regarding Anita

question 24

Multiple Choice

Refer to the following information to answer the question(s) regarding Anita Lupino's toy and game shop:
Anita Lupino is planning to open her own toy and game shop. She has conducted a great deal of research at the local library, contacted the industry trade association, and has set up a meeting with a consultant at the SBDC next week. Before she goes to the SBDC, she wants to sketch out an estimated income statement. She reviews the following data from RMA's Annual Statement Studies:
Cost of Goods Sold 57.3 percent of net sales
Operating Expenses 32.9 percent of net sales
Gross Profit 42.7 percent of net sales
-If Anita's research suggests that she can expect net sales of $475,000, what net profit could she expect?

• A)$202,825
• B)$46,550
• C)$69,350
• D)$156,275

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Definitions:

Cartilage

A flexible, rubbery connective tissue found in various forms in the larynx and respiratory tract, the external ear, the joints, the rib cage, and elsewhere in the body.

Ectotherms

Cold-blooded animals whose body temperature is regulated by external environmental conditions, unlike endotherms that regulate their body temperature internally.

Cuboidal Epithelial

Cuboidal epithelial cells are cube-shaped cells that make up the epithelium, functioning in secretion and absorption, found in many glands and ducts.

Myosin

A type of protein found in muscle fibers that acts with actin in muscle contraction and movement.