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

question 139

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 net income for Atlantis Merchandising is:

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

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Definitions:

Direct Care

The provision of hands-on health care and support by medical professionals directly to a patient.

First Level of Contact

The initial point of engagement between a patient and the healthcare system, often involving primary care professionals.

Social System

The organized pattern of relationships and social arrangements of a group that together perform various functions.

Economic Status

Economic Status refers to the social standing or class of an individual or group based on income, education, and occupation, affecting access to resources and services.