Use the Following Financial Information to Find the Entry You

question 36

Multiple Choice

Use the following financial information to find the entry you would make on an income statement for INCOME BEFORE TAXES for the year ended December 31, 2011: Gross Sales, $223,000; Sales Returns and Allowances, $11,200; Sales Discounts, $1,800; Merchandise Inventory, January 1, 2011, $67,600; Merchandise Inventory, December 31, 2011, $78,300; Net Purchases, $84,000; Freight In, $950; Salaries, $107,200; Rent, $19,500; Utilities, $1,450; Insurance, $2,150; and Income Tax, $14,900.

• A) $130,300
• B) $135,750
• C) ($9,450)
• D) $5,450

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Definitions:

Job Satisfaction

The level of contentment and fulfillment a person feels towards their job, influenced by various factors such as work environment, nature of the job, and interpersonal relationships.

Early Job Satisfaction

The level of contentment and fulfillment an individual feels in their job early in their career.

Recruitment Process

A series of activities and steps organizations undertake to attract, screen, and hire new employees.

Searching

The act of looking for or actively seeking out information, resources, or locations, often utilizing technology or systematic methods.