Up-To-Date Merchandisers Has the Following Transactions for the Month of July

question 116

Multiple Choice

Up-to-date Merchandisers has the following transactions for the month of July. $$\begin{array} { | l | r | } \hline \text { Sales Revenue } & \$ 440,000 \\\hline \text { Cost of Goods Sold } & 300,000 \\\hline \text { Operating Expenses } & 90,000 \\\hline \text { Sales Discounts } & 25,000 \\\hline \text { Sales Returns and Allowances } & 18,000 \\\hline \text { Interest Revenue } & 7,000 \\\hline\end{array}$$ Calculate Gross Profit.

• A)$54,000
• B)$97,000
• C)$115,000
• D)$140,000

---

Definitions:

Herzberg

Refers to Frederick Herzberg, a psychologist best known for developing the Motivation-Hygiene Theory, which suggests that certain factors lead to job satisfaction while others prevent dissatisfaction.

Achievement

Refers to the successful completion of objectives or reaching a desired outcome, often recognized in educational, professional, or personal contexts.

Recognition

The act of acknowledging or rewarding an individual or team's achievements and contributions.

Synergy

The interaction or cooperation of two or more organizations, substances, or agents to produce a combined effect greater than the sum of their separate effects.