Cassie Corporation Has Provided the Following Information for Its Most

question 61

Multiple Choice

Cassie Corporation has provided the following information for its most recent month of operation: sales $32,000,beginning inventory $8,000,purchases $16,000 and gross profit $20,000.How much was Cassie's ending inventory?

• A)$4,000.
• B)$8,000.
• C)$6,000.
• D)$12,000.

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Definitions:

Microtheorist

A scholar or theorist who focuses on the small-scale aspects of social life, examining the interactions and meanings that constitute the fabric of social relations.

George Herbert Mead

An American sociologist and philosopher known for his work on the development of the self and the theory of social behaviorism.

Renaissance Thinker

An individual during the Renaissance who promoted the revival of classical literature and art and emphasized humanism and secularism.

John Locke

An influential 17th-century English philosopher known for his theories on liberty, political government, and the mind as a "blank slate" or tabula rasa.