The Following Financial Information Was Summarized from the Accounting Records

question 30

Multiple Choice

The following financial information was summarized from the accounting records of Globe Corporation for the current year ended December 31: $$\begin{array} { l r r r } & \text { Northern } & \text { Southern } & \text { Corporate } \\& \text { Division } & \text { Division } & \text { Total } \\\text { Cost of goods sold } & \$ 310,000 & \$ 175,000 & \\\text { Direct operating expenses } & 250,000 & 115,000 & \\\text { Net sales } & 600,000 & 410,000 & \\\text { Interest expense } & & & \$ 12,000 \\\text { General overhead } & && 101,000 \\\text { Income tax } & && 26,700\end{array}$$ ? The net income for Globe Corporation is:

• A) $59,000.
• B) $160,000.
• C) $19,400.
• D) $47,000.

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Definitions:

Practice Effect

Improvement in participant performance with repeated testing.

Task Performance

Task performance refers to the execution or accomplishment of a specific work-related task or activity, often measured to assess efficiency or productivity.

Sunglasses

Eyewear designed to protect the eyes from excessive sunlight and UV rays.

Counterbalancing

A method of controlling for order effects in a repeated measures design by either including all orders of treatment presentation or randomly determining the order for each subject.