If the Estimated Rate of Gross Profit Is 30%,what Is

question 75

Multiple Choice

If the estimated rate of gross profit is 30%,what is the estimated cost of the merchandise inventory on September 30,based on the following data?​

• A)$320,000
• B)$192,500
• C)$275,000
• D)$105,000

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Definitions:

Inductive Arguments

Arguments that reason from specific instances to general principles, often used to form hypotheses or theories.

Necessary Proof

Evidence or argument required to establish a fact or the truth of a statement.

Conclusion Indicator

Words or phrases used within an argument to signal that a conclusion is being drawn, such as "therefore" or "thus."

Because

A conjunction used to introduce a reason or explanation for something.