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Hubbell Service Showed the Following Information for 2010: Net Sales

question 31

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Hubbell Service showed the following information for 2010: Net sales revenue, $410,000; interest revenue, $11,000; cost of goods sold, $220,000; operating expense, $15,000, extraordinary gain on retirement of debt, $30,000; and dividends declared, $14,000. Calculate operating income for 2010.


Definitions:

Neuroticism

A personality trait characterized by moodiness, anxiety, and emotional instability.

Neurotransmitters

Chemicals found in the nervous system that transmit signals from one neuron to another across synapses.

Minnesota Multiphasic Personality Inventory

A standardized psychometric test used to assess and diagnose mental disorders and personality structure.

Empirically Keyed

A method of developing psychological tests that involves analyzing how distinct groups respond differently to items, leading to scales that are empirically linked to particular traits or behaviors.

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