TNR Corporation Is Preparing Its Budgeted Income Statement for the Month

question 97

Multiple Choice

TNR Corporation is preparing its budgeted income statement for the month of August. Budgeted sales are $18,000. Cost of goods sold is twice the amount of operating costs, and operating costs plus cost of goods sold equals 40% of net income. Return on sales (net income / sales) is anticipated to be 50%. TNR does not have any nonoperating items on its income statement.
TNR's budgeted operating income will be:

• A) $9,000
• B) $15,600
• C) $14,400
• D) None of the above

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Definitions:

Forms of Commitment

Different types of psychological bonds that influence an individual's attachment and loyalty to an organization or cause.

Workplace Changes

Alterations, modifications, or transformations in the working environment, processes, or culture within an organization.

Organizational Commitment

The psychological attachment and loyalty an employee feels towards their organization, often predicting retention and engagement levels.

Interesting Work

Tasks or projects that are engaging, stimulating, and hold the attention of the employee or participant, often leading to increased job satisfaction.