Which One of the Following Statements Is True When a Company

question 4

Multiple Choice

Which one of the following statements is true when a company sells inventory costing $800 for $1,400 cash, and operating expenses are $500?

• A)There is no change in current assets.
• B)Gross profit increases $100.
• C)Stockholders' equity increases $100.
• D)Net sales increases $2,200.

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Definitions:

HR Managers

Professionals responsible for overseeing human resources functions within an organization, including recruitment, training, evaluation, and compliance with labor laws.

Streamlining Costs

The process of reducing operating expenses by simplifying procedures, optimizing resources, and improving efficiency.

Employment Laws

Regulations governing the relationship between employers and employees, including wages, working conditions, and workplace safety.

Organizational Strategy

A comprehensive plan outlining how an organization will achieve its long-term goals and objectives.