Better Buy Has Six CD Players in Inventory on December

question 90

Multiple Choice

Better Buy has six CD players in inventory on December 31.The players were purchased in November for $170.Price lists from Better Buy's supplier indicate that the same CD player would now cost the company $168.The current sales price for each of the CD players is $320.The adjustment would have what effect on Gross profit?

• A) Gross Profit would increase by $2.
• B) Gross Profit would not be affected.
• C) Gross Profit would decrease by $12.
• D) Gross Profit would increase by $12.

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Definitions:

Subjectively

Based on or influenced by personal feelings, tastes, or opinions.

Empirically Derived

Developed or derived from practical experience rather than theory or pure logic, typically through observation and experiment.

MMPI

Short for Minnesota Multiphasic Personality Inventory, a comprehensive psychological test used to assess personality traits and psychopathology.

Eysenck Personality Inventory

A psychological test designed to measure two dimensions of personality: introversion-extraversion and neuroticism-stability.