Use This Information to Answer the Following Question

question 70

Multiple Choice

Use this information to answer the following question. In addition,beginning merchandise inventory was $22,000 and ending merchandise inventory was $14,000.
Net sales for the period were

• A)$305,000.
• B)$275,000.
• C)$295,000.
• D)$215,000.

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Definitions:

Price Increases

Price increases refer to the action of raising the cost at which goods or services are sold, often in response to factors like inflation, increased production costs, or higher demand.

Price Decreases

A reduction in the cost at which goods or services are sold to consumers or businesses.

Consumers

Individuals or organizations that purchase or use goods and services for personal use or consumption.

Pricing Decisions

The process of setting the price for a product or service, influenced by costs, competition, market demand, and perceived value.