Table 5-2 -Referring to Table 5-2, What Is the Net Income or
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question 136

Multiple Choice

Table 5-2 $$\begin{array} { | l | r | } \hline \text { Sales revenue } & \$ 382,000 \\\hline \text { Net sales revenue } & \$ 360,000 \\\hline \text { Gross margin } & 255,000 \\\hline \text { Operating expenses } & 132,000 \\\hline \text { Interest expense } & 30,000 \\\hline \text { Interest revenue } & 60,000 \\\hline\end{array}$$
-Referring to Table 5-2, what is the net income or net loss?

• A)net loss of $3,000
• B)net income of $30,000
• C)net loss of $30,000
• D)net income of $153,000

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Definitions:

Government Control

The involvement and regulation by governmental bodies in certain areas of the economy or specific industries to enforce policies and laws.

Consumer Surplus

The disparity between the total payment consumers are willing and have the ability to make for a good or service, and the payment they indeed make.

Consumer Surplus

The divergence between anticipated consumer expenditure on a good or service and the actual expenditure.

Surplus II

An excess of production or supply over demand, leading to potential wastage or decrease in prices.