For Last Year,Wampum Enterprises Reported Revenues of $420,000,cost of Goods

question 83

Multiple Choice

For last year,Wampum Enterprises reported revenues of $420,000,cost of goods sold of $108,000,cost of goods manufactured of $101,000,and total operating costs of $70,000.Operating income for that year was ________.

• A) $319,000
• B) $312,000
• C) $249,000
• D) $242,000

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Definitions:

Acceptance

The acknowledgment and embracing of reality without attempting to change it, often applied to self, others, or circumstances.

Responsibility

The state or fact of having a duty to deal with something or of having control over someone, often associated with being accountable for one’s actions or tasks.

Johari Window

Johari Window is a psychological tool used to help individuals and groups understand their relational dynamics by categorizing knowledge of oneself and others into four quadrants: open, hidden, blind, and unknown.

Communication

The process of conveying information and understanding from one entity to another through the use of spoken words, written language, signals, or behavior.