Best Company Sells Office Supplies -
Required: Prepare an Income Statement for Best Company, a Operating

question 143

Essay

Best Company sells office supplies. The following information summarizes Best's operating activities for 2012:
$\begin{array}{|l|r|}\hline \text { Utilities for store } & \$ 6,000 \\\hline \text { Rent for store } & \$ 8,000 \\\hline \text { Sales commissions } & \$ 4,500 \\ \hline \text { Purchases of merchandise } & \$ 54,000 \\\hline \text { Inventory on January } 1,2012 & \$ 30,000 \\\hline \text { Inventory on December } 31,2012 & \$ 20,500 \\\hline \text { Sales revenue } & \$ 108,000 \\\hline\end{array}$
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Required: Prepare an income statement for Best Company, a merchandiser, for the year ended December 31, 2012.using the format below. Please include a vertical analysis rounded to the nearest tenth of a percent.
$$\begin{array} { | l | l | l | l | } \hline \text { Sales revenue } & \quad\quad&\quad\quad &\quad\quad \\\hline \text { Cost of goods sold } & & & \\\hline \text { Beginning inventory } & & & \\\hline \text { Purchases } & & & \\\hline \text { Cost of goods available for sale } & & & \\\hline \text { Ending inventory } & & & \\\hline \text { Cost of goods sold } & & & \\\hline \text { Gross profit } & & & \\\hline \text { Selling expenses } & & & \\\hline \text { Sales commissions } & & & \\\hline \text { General expenses } & & & \\\hline \text { Rent expense } & & & \\\hline \text { Utilities expense } & & & \\\hline \text { Total operating expenses } & & & \\\hline \text { Net income/(loss) } & & & \\\hline\end{array}$$

Gain awareness of common health concerns and syndromes affecting neonates.

Understand the impact of maternal health and environmental factors on childbirth and neonatal health.

Understand the stages of childbirth and procedures associated with each stage.

Recognize the role and significance of various childbirth interventions and procedures (e.g., episiotomy, use of anesthesia, C-section).

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Definitions:

Z Problem-solving Model

A structured approach to problem-solving that involves examining different aspects and perspectives of an issue before making a decision.

Rational Model

A decision-making framework assuming the best possible outcome through logical and structured steps.

Emotion

A complex psychological state that involves a subjective experience, a physiological response, and a behavioral or expressive response.

Z Problem-solving Model

A decision-making process that alternates between analytical and intuitive thinking to find solutions.