Use the Following Information for the Next 4 Questions

question 120

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 income will be

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

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Definitions:

Melanoma

A type of skin cancer that originates in the melanocytes, the cells responsible for pigment production, known for its potential to be more aggressive and metastasize if not treated early.

Pigmentation

The coloring of an organism's skin, hair, or eyes due to the deposition of pigments.

Miliaria

A skin condition characterized by small, raised bumps and possibly itchiness due to blocked sweat ducts.

Prickly Heat

A skin rash caused by blocked sweat ducts and trapped sweat beneath the skin, often occurring in hot, humid conditions.