The Following Information Is Available for the Crystal Company for the Three

question 66

Multiple Choice

The following information is available for the Crystal Company for the three months ended June 30 of this year:

The gross margin was 25 percent of sales.What is the estimated inventory balance at June 30?

• A)$880,000
• B)$933,000
• C)$1,200,000
• D)$1,500,000

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Definitions:

Social Media

Social media encompasses the various digital tools and platforms people use to connect, create, and share content with others.

Consume Information

The act of absorbing and understanding data or knowledge from various sources.

Internal Communications

The exchange of information and messages within an organization among its members or employees.

Social Media

Platforms and websites that enable users to create and share content or to participate in social networking, such as Facebook, Instagram, and Twitter.