Pederson Company Reported the Following What Is the Amount of Gross Profit Margin?
A) $1,750,000

question 146

Multiple Choice

Pederson Company reported the following: $\begin{array}{ll}\text { Manufacturing costs } & \$ 2,000,000 \\\text { Units manufactured } & 50,000 \\\text { Units sold } & 47,000 \text { units sold for } \$ 75 \text { per unit } \\\text { Beginning inventory } & 0 \text { units }\end{array}$ What is the amount of gross profit margin?

• A) $1,750,000
• B) $3,525,000
• C) $5,405,000
• D) $1,645,000

---

Definitions:

Review Session

A meeting or period devoted to recapping and discussing content previously covered, often used as preparation for exams or to ensure understanding.

Independent Variable

In an experiment, this is the element that is intentionally varied or adjusted by the scientist to determine its influence on the dependent variable.

Dependent Variable

The variable in an experiment that is expected to change as a result of manipulations of the independent variable.

Inferential Statistic

Statistical methods that allow researchers to make inferences or predictions about a population based on a sample of data from that population.