The Dobson Company Gathered the Following Condensed Data for the Year

question 156

Essay

The Dobson Company gathered the following condensed data for the year ended December 31, 2014: $\begin{array}{lr}\text { Cost of goods sold } & \$ 720,000 \\\text { Net sales } & 1,249,000 \\\text { Administrative expenses } & 289,000 \\\text { Interest expense } & 68,000 \\\text { Dividends paid } & 38,000 \\\text { Selling expenses } & 45,000\end{array}$ Instructions
Prepare an income statement for the year ended December 31, 2014.

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Definitions:

Growth Needs

Psychological needs that drive individuals to pursue new challenges and personal development once basic needs are fulfilled.

Two-Factor Theory

The impact of motivational influences on job satisfaction.

Motivators

Sources of job satisfaction such as achievement, recognition, and responsibility.

Hygiene Factor

Factors related to the work environment that do not necessarily motivate employees but can cause dissatisfaction if missing or inadequate.