Silver Crafts,Inc If the Company Sold 7900 Units of Bracelets During the Operating

question 16

Multiple Choice

Silver Crafts,Inc.purchases and sells bracelets.The following information summarizes the company's operating activities for the year: $$\begin{array} { | l | r | } \hline \text { Selling and Administrative Expenses } & \$ 5300 \\\hline \text { Purchases } & 157,000 \\\hline \text { Sales Revenue } & 785,000 \\\hline \text { Merchandise Inventory, January 1 } & 2350 \\\hline \text { Merchandise Inventory, December 31 } & 38,350 \\\hline\end{array}$$ If the company sold 7900 units of bracelets during the year,how much is the cost for one bracelet? (Round your answer to the nearest cent.)

• A) $19.87
• B) $15.32
• C) $20.17
• D) $5.15

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Definitions:

Repeat Business

The act of customers returning to purchase goods or services from a business multiple times.

Repeat Business

The act of a customer returning to purchase products or services from a business multiple times, indicating satisfaction and loyalty.

American Management Association

A professional organization aimed at promoting management development and educational practices in the United States.

Personal Attack

An argumentative strategy where the focus is shifted from the issue at hand to the character of the opponent, often involving insults or accusations.