On April 24 of the Current Year,The Memphis Pecan Company

question 107

Multiple Choice

On April 24 of the current year,The Memphis Pecan Company experienced a tornado that destroyed the company's entire inventory.At the beginning of April,the company reported beginning inventory of $226,750.Inventory purchased during April (until the date of the tornado) was $197,800.Sales for the month of April through April 24 were $642,500.Assuming the company's typical gross profit ratio is 50%,estimate the amount of inventory destroyed in the tornado.

• A)$212,275
• B)$103,300
• C)$217,950
• D)$321,250
• E)$157,788

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Definitions:

Directional Selection

Directional selection favors individuals on one end of the distribution of phenotypes present in a population.

Paralogs

Genes within the same organism that have evolved by duplication and may have different functions.

Gene Family

A group of genes sharing a common origin that typically encode proteins with similar functions.

Molecular Clock

A method used to determine time based on base pair substitutions. Molecular clocks use the rates of molecular change to deduce the divergence time between lineages in a phylogeny, for example. They work best when they can be “calibrated” with other markers of time, such as fossils with known ages and placements.