FFA Financial Accounting

 
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- 1 Elements of financial statements

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CHALLENGE OF THE DAY

Challenge of the Day
Jimmy has a net increase in inventory in a period of $18,000. Purchases were $100,000 and he has a standard mark up of 35%. What were his sales in the period?

A. $129,600
B. $140,400
C. $147,692
D. $160,000


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