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

question 73

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. The operating income for Atlantis Merchandising is:

• A)$(11,000).
• B)$63,000.
• C)$51,000.
• D)$60,000.

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Definitions:

Fusion

The act or outcome of merging two or more elements into one unified whole.

Ovaries

Female reproductive organs in animals and humans that produce eggs and hormones.

Botanically

Referring to or derived from plants or the science of botany.

Berry

A type of simple fruit with seeds and pulp produced from the ovary of a single flower; the skin is often edible.