Mrs. Jones owns a computer store. The gross sales for the first quarter of the year were 215,000 . There was 6,750 in returned merchandise and 3,250 in sales discounts. Her beginning merchandise inventory was 40,000 and her ending inventory was 30,000 . She purchased 25,000 of additional merchandise for sale during the quarter, returned 3,750 worth of merchandise damaged during shipment, and received 4,500 in purchase discounts. Mrs. Jones' operating expenses include the following: delivery expense, 2,000; depreciation expense for equipment, 1,500; payroll taxes expense, 500; salary expense, 12,500; supplies, 20,000; and utilities expense, 1,500. What is the net profit for Mrs. Jones' computer store?
a. 36,750
b. 160,250
c. 196,250
d. 18,750
Question 2
When determining the most appropriate input probability distribution in a simulation model, first select the most appropriate family, and then select the most appropriate member of that family.
a. True
b. False
Indicate whether the statement is true or false
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