During a Year, Small Wears Ltd

question 172

Multiple Choice

During a year, Small Wears Ltd. (whose usual gross margin rate on sales is 30 percent) recorded sales of $10,000 and goods available for sale of $12,000. The cost of its ending inventory can be reliably estimated at:

• A) $2,000
• B) $5,000
• C) $7,000
• D) $10,000

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Definitions:

Proxemics

The study of how human beings use and perceive the physical space around them, particularly in relation to personal space and territory.

Nonverbal Behavior

Actions or expressions that convey messages without the use of spoken words, including gestures, facial expressions, and body language.

Microexpressions

Involuntary facial expressions that occur momentarily and reveal a person's true emotions, even if they are trying to conceal them.

Gymnasts

Athletes who perform exercises requiring strength, flexibility, balance, and coordination, particularly on apparatus such as bars, beam, or mats.