Given the Information in the Table Below,what Is the Company's

question 73

Multiple Choice

Given the information in the table below,what is the company's gross profit?
$$\begin{array} { | l | r | } \hline \text { Sales revenue } & \$ 350,000 \\\hline \text { Accounts receivable } & \$ 280,000 \\\hline \text { Ending inventory } & \$ 230,000 \\\hline \text { Cost of goods sold } & \$ 180,000 \\\hline \text { Sales returns } & \$ 50,000 \\\hline \text { Sales discount } & \$ 20,000 \\\hline\end{array}$$

• A)$280,000.
• B)$170,000.
• C)$50,000.
• D)$100,000.

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Definitions:

Frequency Polygon

A graphical representation of the distribution of a dataset. It shows the frequencies of classes or intervals of data as points, which are connected by line segments.

Class Interval

A range of values used in the grouping of a set of data points in a frequency distribution.

Class Interval

A range of values in a dataset that are divided into continuous segments for the purpose of frequency distribution analysis.

Class Interval

A class interval refers to a range in data that groups values within specified upper and lower boundaries in a frequency distribution.