If Sales = $455 000,purchases = $225 000,beginning Inventory =

question 5

Multiple Choice

If sales = $455 000,purchases = $225 000,beginning inventory = $150 000 and ending inventory = $118 000,gross profit is:

• A) $198 000
• B) $257 000
• C) $75 000
• D) $230 000

Enumerate immediate actions recommended by the Federal Trade Commission for identity theft victims.

Understand the concept of opportunity costs related to financial decisions.

Identify and differentiate between various types of bank accounts and their features.

Recognize the risk and liability associated with debit and credit card usage.

---

Definitions:

Congress of Racial Equality

An African-American civil rights organization in the United States that played a pivotal role in the struggle against segregation and discrimination in the 1940s through the 1960s.

James Meredith

An American civil rights activist, the first African American student to integrate the University of Mississippi in 1962, amid widespread rioting and opposition.

ROTC

A college-based program for training commissioned officers of the United States Armed Forces.