The Following Data Have Been Provided by a Retailer That

question 14

Multiple Choice

The following data have been provided by a retailer that sells a single product:
$\begin{array}{|l|r|r|}\hline & \text { This Year } & \text { Last Year } \\\hline \text { Units Sold } & 200,000 & 150,000 \\\hline \text { Sales Revenue } & \$ 1,000,000 & \$ 1750,000 \\\hline \text { Less: Cost of Goods Sold } & \underline{700,000} & \underline{\mathbf{5 2 5 , 0 0 0}} \\\hline \text { Gross Margin } & 300,000 & 225,000 \\\hline \text { Less: Operating Expenses } & \underline{222,000} & \underline{\mathbf{2 1 0 , 0 0 0}} \\\hline \text { Operating Income } & \underline{\$ 78,000} & \underline{\$ 15,000} \\\hline\end{array}$


-What is the best estimate of the company's contribution margin for this year?

• A) $252,000.
• B) $300,000.
• C) $158,000.
• D) $225,000.

Comprehend the scope of Congressional power over commerce following key Supreme Court cases.

Differentiate between trademarks, copyrights, and patents, including their protection scope.

Recognize the importance of state and federal powers in regulating science and technology.

Identify the role and function of international organizations in health and intellectual property protection.

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Definitions:

Fan Kuan

A Chinese landscape painter of the Song Dynasty, celebrated for his depiction of mountains and nature using bold brushwork and monochromatic shades.

Shi Huangdi

The first Emperor of a unified China (221-210 BCE), known for his contributions to Chinese infrastructure, the Great Wall, and his terracotta army.

Life-Size Warriors

Full-scale statues or sculptures representing soldiers or warriors, often found in burial sites or as part of commemorations.

Tomb

A burial chamber or vault, often constructed of stone, in which the deceased are laid to rest.