Table 5-1 -Referring to Table 5-1, What Is the Net Income?
A)$60,000

question 155

Multiple Choice

Table 5-1 $$\begin{array} { | l | r | } \hline \text { Sales revenue } & \$ 480,000 \\\hline \text { Cost of goods sold } & 300,000 \\\hline \text { Sales discounts } & 20,000 \\\hline \text { Sales retums and allowances } & 15,000 \\\hline \text { Operating expenses } & 85,000 \\\hline \text { Interest revenue } & 5,000 \\\hline\end{array}$$
-Referring to Table 5-1, what is the net income?

• A)$60,000
• B)$65,000
• C)$55,000
• D)$180,000

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Definitions:

Macro-Subjective Level

An analytical perspective focusing on the collective beliefs, values, and perceptions of society or large groups, influencing social structures and processes.

George Ritzer

A sociologist known for his work on consumerism, globalization, and the theory of McDonaldization, which describes how principles of the fast food industry have come to dominate sectors of American society and the world.

Micro-Objective Level

Refers to a focus on small-scale, specific objectives within a broader project or analysis.

George Ritzer

An American sociologist known for his work on consumerism, globalization, and the concept of McDonaldization of society.