During 2014, Yoder Enterprises Generated Revenues of $120,000

question 188

Multiple Choice

During 2014, Yoder Enterprises generated revenues of $120,000. The company's expenses were as follows: cost of goods sold of $60,000, operating expenses of $24,000 and a loss on the sale of equipment of $4,000. Yoder's net income is

• A) $120,000.
• B) $60,000.
• C) $36,000.
• D) $32,000.

---

Definitions:

Trademarks

Legal designations that protect brand names, logos, and other distinctive signs to distinguish goods or services.

R&D Expenditures

Funds allocated by businesses, governments, or other organizations towards research and development in order to innovate and create new products or improve existing ones.

Expected Rate of Return

The anticipated amount of profit or loss an investment is projected to generate, expressed as a percentage of the initial investment.

Fast-Second Strategy

A business approach where companies wait and learn from the market pioneers' experiences before entering the market with a more refined or targeted product.