Suppose Ningbo Steel Had Sales Revenue of $1011,000 Sales Revenue

question 145

Multiple Choice

Suppose Ningbo Steel had sales revenue of $1011,000 sales revenue, cost of goods sold of $5,000, operating expenses of $3000, interest expense of $1,000, a tax rate of 20%, and 1,000 shares of common stock outstanding.Based on this information, net profit after tax was:

• A)$1,500600
• B)$1,000
• C)$500
• D)$0
• E)none of the above

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Definitions:

RAM Memory

Random Access Memory, a form of computer memory that can be accessed randomly at any time, used to store working data and machine code.

CPU

The Central Processing Unit, a primary component of a computer that performs most of the processing inside a computer.

SuperFetch

A technology in Windows that pre-loads frequently used applications into memory to reduce loading times.

Windows

An operating system developed by Microsoft, widely used on personal computers, featuring a graphical user interface.