Table 5-5
the Following Items Were Taken from the December

question 141

Multiple Choice

Table 5-5
The following items were taken from the December 31, 2019, records of Speedy Boat Company, which uses a periodic inventory system: $$\begin{array} { | l | r | } \hline \text { Salary payable } & \$ 1,100 \\\hline \text { Sales revenue } & 480,000 \\\hline \text { Interest revenue } & 3,000 \\\hline \text { Freight in } & 20,000 \\\hline \text { Beginning inventory } & 35,000 \\\hline \text { Sales discounts } & 18,000 \\\hline \text { Purchases of inventory } & 240,000 \\\hline \text { Purchase retarns and allowances } & 35,000 \\\hline \text { Purchase discounts } & 10,000 \\\hline \text { Sales returns and allowances } & 35,000 \\\hline \text { Ending inventory } & 80,000 \\\hline \text { Operating expenses } & 85,000 \\\hline \text { Interest expense } & 7,000 \\\hline \text { Owner withdrawals } & 12,000 \\\hline\end{array}$$
-Refer to Table 5-5. The net purchases for Speedy Boat Company are:

• A)$230,000.
• B)$195,000.
• C)$240,000.
• D)$205,000.

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Definitions:

Optimal Mating Strategy

A concept in evolutionary psychology that suggests individuals select mates in a way that will maximize their reproductive success and enhance the survival and quality of their offspring.

Parental Investment

signifies any investment by a parent in an individual offspring that increases the offspring's chance of surviving (and hence reproductive success) at the cost of the parent's ability to invest in other offspring.

Evolutionary Perspective

A theoretical approach in psychology and other sciences that explores how evolutionary theory informs our understanding of human behaviors and mental processes.

Surviving Offspring

Surviving offspring refers to the progeny of organisms that survive to adulthood and have the potential to reproduce.