Compute the Missing Amounts That Are Numbered in Parentheses for the Income

question 101

Essay

Compute the missing amounts that are numbered in parentheses for the income statement of each independent case. (Hint: Each case need not be calculated in the numerical order of the missing numbers.) $\begin{array}{lrcr}&\text { Case A } & \text { Case B } & \text { Case C } \\\text { Sales revenue } & \$ 800 & \$ 800 & \$(9) \\\text { Beginning inventory } & 100 & (5) & 90 \\\text { Purchases } & 500 & 420 & (10) \\\text { Total goods available } \\\text { for sale }& (1) & (6) & (11)\\\text { Ending inventory } & 150 & 110 & 160 \\\text { Cost of goods sold } & (2) & (7) & 340 \\\text { Gross profit } & (3) & (8) & (12) \\\text { Expenses } & 300 & 400 & 420 \\\text { Net Income } & (4) & (50) & 60\end{array}$

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Definitions:

Ervin Goffman

An influential sociologist known for his work on symbolic interactionism and the study of social interaction in everyday life.

Demeanor

The outward behavior or bearing of a person, indicating their character or mood.

Dramaturgical Concepts

Ideas from dramaturgy, a perspective in sociology that likens social interaction to theatre, where individuals present themselves in ways that will be accepted by others.

Ervin Goffman

A Canadian sociologist best known for his work on the sociology of everyday life, social interaction, and the presentation of self.