According to the AGO Statement of Operations, what is the Gallery Shop Revenue for 2023 in thousands of dollars?

Question

BlackTom AI · Accepted Answer

Here is how to approach the question and understand the data provided.

- The question asks for the Gallery Shop Revenue for 2023 as reported in the AGO Statement of Operations, and specifies the amount should be in thousands of dollars. This means the numeric value you extract from the statement is already scaled by 1,000.
- In a typical Statement of Operations, revenue items like Gallery Shop Revenue are listed as a monetary figure. If the document uses thousands of dollars as the unit, a value shown as 3636 should be interpreted as 3,636 thousand dollars, i.e., $3,636,000 in total revenue from the Gallery Shop for the year 2023.
- Since there are no answer options provided in the prompt, we cannot evaluate multiple choices, but we can reason about potential pitfalls:
  - A common error is misreading the unit (e.g., assuming the number is in dollars rather than thousands). Here, the instruction explicitly states thousands of dollars, so the raw figure 3636 represents thousands.
  - Another potential pitfall is confusing the Gallery Shop Revenue with other revenue lines such as admissions, memberships, or grants. Each line item is typically distinct on the Statement of Operations, so ensure you are looking at the correct line labeled Gallery Shop Revenue.
- If you were to verify this in practice, you would:
  - Locate the 2023 column in the AGO Statement of Operations.
  - Find the row labeled Gallery Shop Revenue.
  - Confirm the unit is thousands of dollars and read the numeric value as 3636.
  - Optionally convert to actual dollars by multiplying by 1,000 to understand the full amount, i.e., $3,636,000.

In summary, when interpreting the value 3636 in the context of thousands of dollars, it corresponds to a gallery shop revenue figure of 3,636 thousand dollars for the year 2023.

VPAB13H3 S LEC01 Week 3 Quiz

According to the AGO Statement of Operations, what is the Gallery Shop Revenue for 2023 in thousands of dollars?

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