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ElectroWizard Company produces a popular video game called Destructo, which sells for $65. Last year ElectroWizard sold 100,000 Destructo games, each of which costs $10 to produce. ElectroWizard incurred selling and administrative expenses of $200,000 and a depreciation expense of $100,000. In addition, ElectroWizard has a $1,000,000 loan outstanding at 8%. Their tax rate is 40%. There are 400,000 common shares outstanding.
Prepare an income statement for ElectroWizard in good form (include EPS).
Gestalt Laws
Psychological principles that describe how humans naturally perceive objects as organized patterns and objects.
Perceptual Organization
The process by which the brain organizes sensory information to form a coherent, unified view of the world.
Subjective Contours
Perceived contours that do not exist physically. We tend to complete figures that have gaps in them by perceiving a contour as continuing along its original path.
Figure-Ground Relationships
A visual perception principle referring to the organization of visual field into objects (figures) that stand out from their surroundings (ground).
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