Toby's Farm Store Buys Portable Generators for $500 and Sells

question 56

Multiple Choice

Toby's Farm Store buys portable generators for $500 and sells them for $800.He pays a sales commission of 5% of sales revenue to his sales staff.Toby pays $2,000 a month rent for his store,and also pays $1,800 a month to his staff in addition to the commissions.Toby sold 200 generators in June.
- If Toby prepares a traditional income statement for the month of June,what would be his operating income?

• A)$ 72,000
• B)$ 48,200
• C)$ 60,000
• D)$160,000

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Definitions:

Secondary Sex Characteristics

Physical features that emerge during puberty which are not directly involved in reproduction, such as breast development in females and facial hair in males.

Gender Typing

The process by which individuals come to acquire the characteristics and behaviors deemed appropriate for their gender in a given culture.

Traditional Masculine

Cultural norms and values that define the behaviors, attitudes, and roles deemed appropriate for men in a given society, often emphasizing strength, stoicism, and leadership.

Gender Schema

A cognitive framework that organizes information relevant to gender, influencing how individuals perceive and behave based on their gender roles.