The Following Are the Current Month's Balances for Selected Accounts

question 155

Multiple Choice

The following are the current month's balances for selected accounts of Sandlin Marketing Company. $$\begin{array} { | l | r | } \hline \text { Accounts Payable } & \$ 9,000 \\\hline \text { Revenue } & 8,000 \\\hline \text { Cash } & 7,650 \\\hline \text { Expenses } & 1,100 \\\hline \text { Furniture } & 11,000 \\\hline \text { Accounts Receivable } & 12,000 \\\hline \text { Common Stock } & 10,250 \\\hline \text { Notes Payable } & 4,500 \\\hline\end{array}$$ What is the net income for Sandlin Marketing for the current month?

• A) $8,000
• B) $6,900
• C) $9,100
• D) $15,650

---

Definitions:

Capacity Elements

Components or factors that determine the capability of an individual or organization to achieve its objectives.

Capacity Building Activities

Initiatives designed to strengthen the skills, competencies, and abilities of nonprofits and their staff, enhancing their ability to fulfill their missions.

Nonprofit Organizations

Organizations that operate for the collective, public, or social benefit, rather than focusing on generating profits for owners or investors.

PEST Analysis

A strategic business tool used to evaluate the external macro-environmental factors - Political, Economic, Social, and Technological - that could impact an organization.