What Is the Amount of Gross Profit for Cambridge Company

question 71

Multiple Choice

What is the amount of gross profit for Cambridge Company?

• A)$9,369
• B)$5,731
• C)$5,494
• D)$5,108

---

Definitions:

Merchandise

Goods that are bought and sold in commerce; typically refers to the items stocked and offered for sale by a retail or wholesale business.

Arbitration Clause

A provision in a contract requiring that disputes between the parties be resolved through arbitration rather than through the court system.

Philippine Law

Refers to the legal system in the Philippines which is primarily based on Spanish and American law, with influences from indigenous and other foreign legal systems.

Arbitration Language

The specialized vocabulary and terms used within arbitration proceedings to facilitate effective dispute resolution.