Given the Following Information,determine the Gross Profit A)$20,000
B)$ 16,000
C)$ 184,000
D)$156,000
E)$170,000

question 106

Multiple Choice

Given the following information,determine the gross profit. $$\begin{array} { l l } \text { Accounts Receivable } & \$ 14,000 \\\text { Administrative Expenses } & 31,000 \\\text { Cost of Goods Sold } & 142,000 \\\text { Depreciation Expense } & 8,000 \\\text { Income Tax Expense } & 4,000 \\\text { Inventory } & 26,000 \\\text { Sales } & 312,000 \\\text { Selling Expenses } & 36,000 \\\text { Wage Expense } & 75,000\end{array}$$

• A)$20,000
• B)$ 16,000
• C)$ 184,000
• D)$156,000
• E)$170,000

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Definitions:

Traffic Counts

The process of recording the number of vehicles or pedestrians passing a certain point in a specific time period, often used for transport planning.

Parking Access

Refers to the ability or permission to park a vehicle in a designated area or facility.

Goods-Producing Firms

Businesses that produce physical products as opposed to services, engaging in manufacturing, construction, or mining.