Table 5-3 -Refer to Table 5-3

question 84

Multiple Choice

Table 5-3 $$\begin{array} { | l | r | } \hline \text { Sales revenue } & \$ 750,000 \\\hline \text { Interest revenue } & 18,000 \\\hline \text { Freight in } & 44,000 \\\hline \text { Beginning inventory } & 75,000 \\\hline \text { Purchases discounts } & 20,000 \\\hline \text { Sales reburns and allowances } & 44,000 \\\hline \text { Operating expenses } & 99,000 \\\hline \text { Interest expense } & 15,000 \\\hline \text { Ending inventory } & 72,000 \\\hline \text { Purchases } & 415,000 \\\hline \text { Sales discounts } & 25,000 \\\hline \text { William Browning, Withdrawals } & 61,000 \\\hline \text { Purchase returns and allowances } & 36,000 \\\hline\end{array}$$
-Refer to Table 5-3. Net sales is:

• A)$681,000.
• B)$750,000.
• C)$725,000.
• D)$706,000.

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Definitions:

Compounded Quarterly

A method of calculating interest where the interest is added to the principal four times a year.

End of Quarter Payments

Payments made at the conclusion of each quarter, often related to financial agreements or obligations.

Lump Amount

A single large sum payment or investment, as opposed to smaller, regular payments or investments.

Retirement

The period in life when one chooses to permanently leave the workforce behind, usually upon reaching a certain age or financial standing.