Financial Information Is Presented Below The Amount of Net Sales on the Income Statement Would

question 232

Multiple Choice

Financial information is presented below: $$\begin{array} { l r } \text { Operating expenses } & \$ 45,000 \\\text { Sales returns and allowances } & 4,000 \\\text { Sales discounts } & 6,000 \\\text { Sales revenue } & 160,000 \\\text { Cost of goods sold } & 90,000\end{array}$$ The amount of net sales on the income statement would be

• A) $154,000.
• B) $150,000.
• C) $160,000.
• D) $156,000.

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Definitions:

Socially Optimal

A condition or output level where the social welfare is maximized, taking into account both the benefits to consumers and the costs to producers.

Marginal Benefit

The additional satisfaction or utility that an individual gains from consuming one more unit of a good or service.

Marginal Cost

The cost of producing one additional unit of a good or service, critical for decision-making on production and pricing.

Benefit of Abatement

This refers to the advantages or positive effects derived from reducing or eliminating negative environmental impacts or pollutants.