In 2016,inventory Was $356,400 and in 2017,inventory Was $275,000

question 51

Multiple Choice

In 2016,inventory was $356,400 and in 2017,inventory was $275,000.The percent change is calculated by dividing:

• A) $356,400 by 275,000 multiply by 100
• B) $275,000 by $356,400 multiply by 100
• C) ($81,400) by $356,400 multiply by 100
• D) ($81,400) by $275,000 multiply by 100

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Definitions:

Government Assistance

Programs and initiatives provided by governmental entities designed to support individuals, businesses, or specific sectors through financial aid, subsidies, or services.

Parity Ratio

A measure comparing the value of one type of good or service to another, often used in agriculture to compare crop prices to costs.

Indices

Statistical measures designed to track the performance of a basket of assets or a sector of the economy, often used as indicators of economic health or market movements.

Prices Received

The amount of money that producers get for selling one unit of a good or service, often used in the context of agriculture or commodities.