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Crabapples Inc

question 53

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Crabapples Inc.purchases and sells dry fruit boxes.The following information summarizes its operating activities for 2015: Crabapples Inc.purchases and sells dry fruit boxes.The following information summarizes its operating activities for 2015:   What is the cost per box of dry fruits if Crabapples sold 5,000 boxes of dry fruits during the year? A) $72.28 B) $32.75 C) $10.55 D) $19.75 What is the cost per box of dry fruits if Crabapples sold 5,000 boxes of dry fruits during the year?


Definitions:

State Sales Tax

A tax imposed by a state on the sale of goods and services, typically calculated as a percentage of the sales price.

Revenue Report

A financial document that outlines the income generated by a company from its normal business operations.

General Journal Entry

A record in the general journal that includes the date, accounts and amounts to be debited and credited, and a brief description of the transaction.

Related Liabilities

Related liabilities are obligations that are directly associated with the primary operations or financial activities of a business.

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