The Following Information Relates to Nebula Inc Calculate the Operating Income

question 140

Multiple Choice

The following information relates to Nebula Inc. $$\begin{array} { | l | r | } \hline \text { Sales Revenue } & \$ 230,000 \\\hline \text { Cost of Goods Sold } & 150,000 \\\hline \text { Interest Revenue } & 10,000 \\\hline \text { Operating Expenses } & 42,500 \\\hline \text { Sales Discounts } & 20,000 \\\hline \text { Sales Returns and Allowances } & 5,000 \\\hline\end{array}$$ Calculate the operating income.

• A) $12,500
• B) $67,500
• C) $230,000
• D) $35,000

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Definitions:

Investment Curve

A graph showing the relationship between the rate of interest and the level of investment by firms, holding other factors constant.

Interest Rate

A fee, described as a percentage of the principal, that a borrower incurs from a lender for utilizing assets.

Aggregate Demand

The unified demand for all categories of goods and services within an economic framework, at a particular price level for a given time frame.

Money Supply

A measurement of the total amount of money available in an economy at a specific time.