Crystal Inc

question 113

Multiple Choice

Crystal Inc.is a merchandiser of stone ornaments.The company sold 15,000 units in 2015.The company has provided the following information:
- What is the cost of goods available for sale for 2015?

• A)$360,000
• B)$304,300
• C)$345,000
• D)$330,000

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Definitions:

Labor Demand

The total quantity of workers that employers want to hire at a given wage rate, reflecting how employment levels vary with changes in wage or the economic output.

Nominal Wage

The wage measured in current money or monetary units, without adjusting for inflation.

Real Wage

Wages adjusted for inflation, reflecting the actual purchasing power of income earned from labor.

Inflation

The tempo at which the aggregate cost of goods and services ascends, depleting the power of purchase.