Table 5-1 -Referring to Table 5-1, What Is the Net Income?
A)$60,000

question 155

Multiple Choice

Table 5-1 $$\begin{array} { | l | r | } \hline \text { Sales revenue } & \$ 480,000 \\\hline \text { Cost of goods sold } & 300,000 \\\hline \text { Sales discounts } & 20,000 \\\hline \text { Sales retums and allowances } & 15,000 \\\hline \text { Operating expenses } & 85,000 \\\hline \text { Interest revenue } & 5,000 \\\hline\end{array}$$
-Referring to Table 5-1, what is the net income?

• A)$60,000
• B)$65,000
• C)$55,000
• D)$180,000

---

Definitions:

Fundamental Beliefs

Core convictions or principles that are deeply held and guide an individual's or group's actions and perspectives.

Creed

A set of beliefs or aims that guide someone's actions.

Artificial Insemination

A fertility treatment method involving the direct insertion of sperm into a woman's uterus to facilitate pregnancy.

Semen

A fluid containing spermatozoa and secretions from the male reproductive glands, involved in the fertilization process.