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During August, the first month of the fiscal year, sales totaled $875,000 and the cost of merchandise available for sale totaled $850,000. Estimate the cost of the inventory as of August 31, based on an estimated gross profit rate of 45%.
Low-Income Families
Households with total earnings that fall below a specific threshold defined by national or regional authorities, often leading to financial strain.
Negative Media Reports
Media coverage that portrays individuals, groups, events, or issues in an adverse light, often focusing on problems, controversies, or failures.
Digital Divide
The gap between individuals who have access to modern information and communication technology and those who do not.
Active Listening Strategy
A communication technique used to fully absorb, comprehend, respond, and retain what is being said by someone else.
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