Use the Information Below to Answer the Following Questions

question 37

Multiple Choice

Use the information below to answer the following questions:
At 1 July 2011, Epsilon Pty Ltd had 100 items of inventory which had cost $50 each. During the year ended 30 June 2012, it purchased 1500 items at a cost of $50 each. Of these, 200 were returned to the supplier as they were damaged. During the year, 1200 items were sold for $80 each, but 50 were returned by customers. Overhead expenses during the year amounted to $15,000.
-What were Epsilon Pty Ltd's net sales for the year?

• A) $100 000
• B) $96 000
• C) $92 000
• D) $57 500.

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Definitions:

Symbolic Concerns

Issues or matters that are significant not for their physical impact but for what they represent culturally or emotionally.

Menstrual Cycle

The regular natural change that occurs in the female reproductive system that makes pregnancy possible, usually lasting about 28 days.

Fertile Phase

The period in a female's menstrual cycle when she is most capable of conceiving a child.

Testosterone

The principal male sex hormone in mammals.