The Following Information Pertains to Max Corporation What Is the Gross Profit Margin Earned by the Company

question 58

Multiple Choice

The following information pertains to Max Corporation: $$\begin{array} { l r } \text { Beginuning work-in-process inventory } & \$ 20,000 \\\text { Ending work-int-process inventory } & 23,000 \\\text { Beginuning finished goods inventory } & 36,000 \\\text { Ending finished goods inventory } & 34,000 \\\text { Cost of goods manufactured } & 246,000 \\\text { Sales } & 300,000\end{array}$$ What is the gross profit margin earned by the company?

• A) $52,000
• B) $50,000
• C) $48,500
• D) $53,500

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Definitions:

Organizational Charter

A formal document that defines the organization's purposes, governance structure, and operational guidelines.

Mandates

Directives issued by a legal or governmental body, requiring parties to follow specified instructions.

Values

Fundamental beliefs or principles that guide an individual's or organization's actions and decisions.

Missions

The fundamental purposes or goals of an organization, outlining its reasons for existing.