Olde Tyme Beverage Company's Operating Activities for the Year Are

question 16

Multiple Choice

Olde Tyme Beverage Company's operating activities for the year are listed below. $$\begin{array} { | l | r | } \hline \text { Purcheses } & \$ 126,000 \\\hline \text { Operating expenses } & 90,000 \\\hline \text { Bepinging inventory } & 14,000 \\\hline \text { Ending inventory } & 10,000 \\\hline \text { Sales revenue } & 250,000 \\\hline\end{array}$$
-What is the gross profit for the year?

• A)$147,000
• B)$143,000
• C)$ 63,000
• D)$275,000

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Definitions:

Family Therapy

A form of psychotherapy that aims to address psychological issues by working with family members to nurture change and development.

Rational Emotive Behavioral Therapy

A form of cognitive-behavioral therapy founded by Albert Ellis, focusing on identifying irrational beliefs to change emotional and behavioral responses.

Albert Ellis

A prominent psychologist known for developing Rational Emotive Behavior Therapy (REBT), a form of cognitive-behavioral therapy.

Cognitive-Behavioral Therapist

A mental health professional specializing in cognitive-behavioral therapy, focusing on changing negative thoughts and behaviors to improve mental health.