The Following Is Selected Information from BT Corporation for the Month

question 103

Multiple Choice

The following is selected information from BT Corporation for the month ending April 30, 2022. $\begin{array}{lr}\text { Cash sales } & \$ 200,000 \\\text { Collections from Accounts Receivable } & 340,000 \\\text { Revenue recognized } & 400,000 \\\text { Cash paid for expenses } & 280,000 \\\text { Purchase of equipment on April } 1 \text { (annual depreciation is } \$ 12,000 \text { ) } & 40,000 \\\text { Expenses incurred (excluding any depreciation) } & 238,000 \\\text { Additional investment by owner } & 100,000 \\\text { Owner drawings } & 20,000\end{array}$ What is BT's net income for the month ending April 30, 2022?

• A) $90,000.
• B) $150,000.
• C) $161,000.
• D) $162,000.

Identify the fees associated with mutual fund investments, including management fees, load fees, and 12b-1 fees.

Calculate the impact of fees on mutual fund investments and understand the concept of load and no-load funds.

Recognize the benefits of mutual funds in retirement accounts and the ability to switch investments in a family of funds concept.

Understand the categories of corporate social responsibility (CSR) approaches and be able to identify them in real business scenarios.

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Definitions:

Industry Supply

The total output of goods or services that producers in an industry are willing and able to sell at different price levels, during a certain time period.

Long-run Supply Curve

A graphical representation showing the relationship between market price and the amount of goods supplied by producers, considering all factors of production can be varied.

Competitive Industry

An industry with many firms competing against each other, with no single firm dominating the market.

Relevant Resources

Resources that are directly applicable and valuable in achieving a specific goal or solving a particular problem.