A Company Has $4,500 in Net Sales,$3,200 in Gross Profit,$1,300

question 101

Multiple Choice

A company has $4,500 in net sales,$3,200 in gross profit,$1,300 in ending inventory,and $1,800 in beginning inventory.The company's cost of goods sold is:

• A)$3,200.
• B)$1,300.
• C)$2,700.
• D)$1,400.

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Definitions:

Z-scores

Standardized scores that indicate the number of standard deviations a data point is from the mean.

Standard Normal Distribution

A probability distribution that has a mean of zero and a standard deviation of one, commonly used in statistics.

Less Than

A comparative term used to indicate that one quantity or number is smaller than another.

Z-scores

A numerical indicator showing how a specific value compares to the average of a set of numbers, expressed by how many standard deviations it is from the average.