Readers Unlimited Sells Books -What Is Operating Income?
A)$32,000
B)$87,000
C)$93,000
D)$29,000

question 41

Multiple Choice

Readers Unlimited sells books.The following information summarizes the company's operating expenses for the year: $$\begin{array} { | l | c c | } \hline \text { Purchases } & \$ & 90,000 \\\hline \text { Operating expenses } & \mathbf { \$ } & 53,000 \\\hline \text { Bepinning merchandise inventary } & \mathbf { 1 } & 12,000 \\\hline \text { Ending merchandise inventory } & \mathbf { \$ } & 15,000 \\\hline \text { Sales revenue } & \mathbf { \$ } & 172,000 \\\hline\end{array}$$
-What is operating income?

• A)$32,000
• B)$87,000
• C)$93,000
• D)$29,000

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Definitions:

Ore

A rock, sediment, or other material that can be mined for a profit.

Mineral Deposit

Concentrated accumulations of minerals from which economically valuable materials can be extracted.

Oxide

1. Any member of a group of minerals that consist of oxygen bonded with a metallic element, like iron. 2. Mineralized rock that contains minerals, especially those of iron and copper, that formed near the surface or in other oxidizing conditions.

Sulfide

A compound characterized by the presence of sulfur bonded with a metallic element or another nonmetal.