A company reported the following:

Cost of Goods Sold $ 230,000
General, Selling, and Administrative Expenses 10,000
Income Tax Expense 9,700
Inventory 18,000
Net Income 27,900
Sales Revenue 285,000
Sales Discounts 3,900
Sales Returns and Allowances 3,050

What is the amount of gross profit?

Which of the statements best describes why the aggregate demand curve is downward sloping? an increase in the aggregate price level causes consumer and investment spending to fall, because consumer purchasing power decreases and money demand increases. as the aggregate price level increases, consumer expectations about the future change. as the aggregate price level decreases, the stock of existing physical capital increases. as a good's price increases, holding all else constant, the good's quantity demanded decreases.