Calculate Net Income Given the Following Information: Tax Rate =

question 228

Multiple Choice

Calculate net income given the following information: tax rate = 30%; accounts receivable = $900; receivable turnover = 5 times; inventory = $500; inventory turnover = 3.20 times; operating
Expenses = $700; interest expense = $200.

• A) $1,400
• B) $1,465
• C) $1,565
• D) $1,665
• E) $1,765

---

Definitions:

Reinforcers

In psychology, stimuli which, when presented after a behavior, increase the likelihood of that behavior being repeated in the future.

Positive Reinforcements

The introduction of rewarding stimuli following a desired behavior to increase the likelihood of it being repeated.

Punishment

A consequence designed to reduce the occurrence of unwanted behavior by either applying a negative stimulus or removing a positive one.

Oral Reprimand

is a verbal expression of criticism or disapproval, usually from a person in authority.