The PPC Department of Ajax Shows Gross Sales of $730,600

question 78

Multiple Choice

The PPC department of Ajax shows gross sales of $730,600 for computer supplies and $934,900 for office supplies.The cost of the computer supplies was $534,000 and the cost of the office supplies was $491,400.What is the gross profit for each category of the department respectively?

• A)$730,600 and $934,900
• B)$534,000 and $491,400
• C)$239,200 and $400,900
• D)$196,600 and $443,500

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Definitions:

Portfolio's Total Value

The sum of all assets, including securities and cash, within an investment portfolio.

Particular Asset

Refers to a specific asset that is identifiable and distinguishable from other assets owned by an individual or entity.

Portfolio

A variety of investment assets including but not limited to stocks, bonds, commodities, and liquidity, with mutual funds and ETFs included.

Stocks and Bonds

Financial instruments where stocks represent ownership equity in a company and bonds are debt securities issued to investors.