Selected Information Regarding a Company's Most Recent Quarter Follows (All

question 14

Multiple Choice

Selected information regarding a company's most recent quarter follows (all data in thousands) .

What was cost of goods sold?

• A)$1,610
• B)$1,740
• C)$1,060
• D)$860

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Definitions:

7UP

a brand of lemon-lime flavored, non-caffeinated soft drink.

Dr Pepper/Seven Up, Inc.

A major soft drink company in the United States, known for producing popular beverages such as Dr Pepper and 7UP.

Brand Licensing

A contractual agreement whereby one company (licensor) allows its brand name(s) or trademark(s) to be used with products or services offered by another company (licensee) for a royalty or fee.

Luxottica Group

An Italian multinational corporation that designs, manufactures, and sells eyewear and eyecare products, known for owning numerous prestigious brands and retail outlets.