Use the Following Information for the Next 4 Questions

question 28

Multiple Choice

Use the following information for the next 4 questions.
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 costs are

• A) $3,600
• B) $2,400
• C) $1,200
• D) None of the above

---

Definitions:

Owned Vehicles

Marketing channels that a company controls directly, such as their website, email list, or social media profiles.

Social Entertainment

Media content and activities that are designed to be consumed and enjoyed with others, often facilitated by digital platforms.

Curated

Refers to the careful and selective process of gathering and presenting content tailored to a specific audience or purpose.

Branded

Marked by the distinctive identity or characteristic of a specific brand, often through logos, colors, or designs.