A Computer Company Has $3500000 in Research and Development Costs

question 53

Multiple Choice

A computer company has $3500000 in research and development costs.Before accounting for these costs the net income of the company is $2800000.What is the amount of net income or loss before taxes after these research and development costs are accounted for?

• A)$700000 net loss.
• B)$2800000 net income.
• C)$0.
• D)Cannot be determined from the information provided.

Understand the ethical values and responsibilities of journalism in society.

Identify the influence of media accounts on public perception and policy regarding crime.

Recognize the stereotypes and biases in media representation of crime, criminals, and victims.

Grasp the concepts of moral panic and its impacts on societal perceptions and actions.

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Definitions:

Percent Of Sales

A financial ratio that compares various components of an income statement to the total sales revenue.

Gross Profit

The difference between sales revenue and the cost of goods sold, before deducting operating expenses.

Sales Journal

A specialized journal used to record all credit sales transactions of a business.

Cost Center

A department or unit within a business that does not directly generate profit but incurs costs, e.g., customer service or research departments.