Table 5-4
the Following Data Is for the Atlantis Merchandising

question 8

Multiple Choice

Table 5-4
The following data is for the Atlantis Merchandising, which uses a periodic inventory system: $$\begin{array} { | l | r | } \hline \text { Sales revenue } & \$ 600,000 \\\hline \text { Interest revenue } & 12,000 \\\hline \text { Freight in } & 42,000 \\\hline \text { Beginning inventory } & 77,000 \\\hline \text { Purchase discounts } & 19,000 \\\hline \text { Sales reburns and allowances } & 33,000 \\\hline \text { Operating expenses } & 77,000 \\\hline \text { Interest expense } & 9,000 \\\hline \text { Ending inventory } & 81,000 \\\hline \text { Purchases } & 415,000 \\\hline \text { Sales discounts } & 35,000 \\\hline \text { Omar Atlantis, Withdrawals } & 71,000 \\\hline \text { Purchase returns and allowances } & 39,000 \\\hline\end{array}$$
-Refer to Table 5-4. Net purchases for Atlantis Merchandising are:

• A)$415,000.
• B)$357,000.
• C)$396,000.
• D)$376,000.

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Definitions:

Deep Cerebral Nuclei

Clusters of neurons in the deep regions of the cerebrum involved in regulating voluntary movement and learning.

Schwann Cell

A type of glial cell in the peripheral nervous system that wraps around nerve fibers, forming the myelin sheath, which helps in the rapid conduction of nerve impulses.

Myelin Sheath

The fatty layer that covers and insulates axons of many neurons, facilitating the rapid transmission of nerve impulses.

PNS

Abbreviation for Peripheral Nervous System, which encompasses all the nerves outside the brain and spinal cord and connects the CNS to the limbs and organs.