Answer the Following Question(s)using the Information Below

question 91

Multiple Choice

Answer the following question(s) using the information below.The following information pertains to Alleigh's Mannequins:

-What is the amount of gross margin?

• A)$1,475,000
• B)$1,500,000
• C)$1,047,250
• D)$1,032,500
• E)$1,007,425

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Definitions:

Income-Sharing Ratio

The agreed-upon distribution of income or profits among partners in a business, often expressed as a proportion or percentage.

Noncash Assets

Assets that are not in the form of cash or easily convertible into cash, such as property, plant, and equipment.

Total Capital

The sum of a company's debt and equity, representing the total funds available for the business to use.

Partners' Equity

The owners' claim or interest in the assets of a partnership, after all liabilities have been subtracted.