During August 2020, Shelby's Supply Store Generated Net Sales of $65,000

question 102

Multiple Choice

During August 2020, Shelby's Supply Store generated net sales of $65,000. The company's expenses were as follows: cost of goods sold of $33,000 and operating expenses of $7,000. The company also had rent revenue of $2,000 and a loss on disposal of plant assets of $3,000. Shelby's operating income for the month of August 2020 is

• A) $25,000.
• B) $27,000.
• C) $24,000.
• D) $32,000.

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Definitions:

Values-Based Hiring

Values-based hiring is a recruitment strategy that focuses on aligning a candidate's personal values with the organization's values to ensure cultural fit and shared goals.

Corporate Cultures

The beliefs, values, attitudes, and behaviors shared by members of an organization, which influence its operations and environment.

Succession Planning

A strategic process of identifying and developing new leaders who can replace old leaders when they leave, retire, or pass away, ensuring the continuity of an organization's leadership.

Top-Level Positions

Roles or jobs within an organization that hold significant responsibility and authority, typically including senior executives and high-ranking officials responsible for strategic decisions.