The Table Below Shows Hypothetical Data for the Volume of Gold

question 120

Multiple Choice

The table below shows hypothetical data for the volume of gold and nickel output across several years.
TABLE 2-5
-Refer to Table 2-5.What is the index number for gold output in Year 8?

• A)111.9
• B)111.9%
• C)11.9
• D)11.9%
• E)1.119

---

Definitions:

Purchase Returns And Allowances

Transactions where a buyer returns goods to the seller or receives a reduction in the purchase price for unsatisfactory goods.

Purchase Discounts

Reductions in price granted by suppliers to buyers for prompt payment or purchase volume.

Net Purchases

The total amount of goods purchased for resale, minus returns and allowances, plus freight and other acquisition costs.

Net Sales

Net sales is the total revenue from goods and services sold by a business, minus returns, allowances, and discounts, indicating the actual sales revenue.