Newark Company Has Provided the Following Information: • Cash Sales,$450,000

question 72

Multiple Choice

Newark Company has provided the following information: • Cash sales,$450,000
• Credit sales,$1,350,000
• Selling and administrative expenses,$330,000
• Sales returns and allowances,$90,000
• Gross profit,$1,360,000
• Increase in accounts receivable,$55,000
• Bad debt expense,$33,000
• Sales discounts,$43,000
• Net income,$1,030,000
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How much is Newark's cost of sales?

• A)$307,000.
• B)$252,000.
• C)$440,000.
• D)$340,000.

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Definitions:

Victim Blaming

The practice of holding the victim of a crime, accident, or any type of abusive maltreatment to be entirely or partially responsible for the wrongful conduct committed against them.

Rape Culture

A complex of beliefs that normalizes sexual violence against women and blames victims, perpetuated through media and popular culture.

Sexual Double Standards

A societal norm that allows or excuses certain behaviors in one gender but not the other, often related to sexual behavior and attitudes.

Rape Culture

A sociocultural environment that normalizes, trivializes, and perpetuates rape and sexual violence by blaming victims and excusing perpetrators.