During 2010, Yoder Enterprises Generated Revenues of $60,000

question 160

Multiple Choice

During 2010, Yoder Enterprises generated revenues of $60,000. The company's expenses were as follows: cost of goods sold of $30,000, operating expenses of $12,000 and a loss on the sale of equipment of $2,000.
Yoder's net income is

• A) $60,000.
• B) $30,000.
• C) $18,000.
• D) $16,000.

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Definitions:

Cerebral Hemispheres

the two halves of the brain, each controlling opposite sides of the body and responsible for different functions.

Occipital Lobes

Portion of the cerebral cortex lying at the back of the head; includes areas that receive information from the visual fields.

Temporal Lobes

Portion of the cerebral cortex lying roughly above the ears; includes the auditory areas, each receiving information primarily from the opposite ear.

Motor Cortex

An area at the rear of the frontal lobes that controls voluntary movements.