The Following Data Is Available - Using the Gross Profit Method,the Amount of Gross Profit

question 149

Multiple Choice

The following data is available: $$\begin{array} { | r | r | } \hline \text { Net sales, first month } & \$ 13,000 \\\hline \text { Normal gross profit } & 45 \% \\\hline \text { Beginning inventory } & 8,000 \\\hline \text { Net purchases } & 7,000 \\\hline\end{array}$$
- Using the gross profit method,the amount of Gross profit would be:

• A) $15,000.
• B) $6,750.
• C) $5,850.
• D) $3,600.

---

Definitions:

Responsibilities

Duties or tasks that an individual or organization is expected to handle or carry out.

Point Manual

A document or guide that outlines a system for evaluating jobs or positions within an organization based on various criteria.

Relative Worth

The perceived value or importance of something or someone when compared with others.

Total Points

A system used in various contexts, such as competitive scoring or evaluation, where a cumulative tally represents performance, achievement, or value.