Crystal,Inc What Is the Operating Income for the Year? (Round Your

question 52

Multiple Choice

Crystal,Inc.is a merchandiser of stone ornaments.The company sold 8,000 units during the year.The company has provided the following information: $$\begin{array} { | l | r | } \hline \text { Sales Revenue } & \$ 593,000 \\\hline \text { Purchases (excluding Freight In) } & 304,000 \\\hline \text { Selling and Administrative Expenses } & 68,000 \\\hline \text { Freight In } & 14,000 \\\hline \text { Beginning Merchandise Inventory } & 46,000 \\\hline \text { Ending Merchandise Inventory } & 42,000 \\\hline\end{array}$$ What is the operating income for the year? (Round your answer to the nearest cent. )

• A)$203,000
• B)$322,000
• C)$271,000
• D)$525,000

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Definitions:

Thrust Fault

A type of fault in geology where the fault plane angles downwards and the older, deeper strata are pushed above younger, surface strata due to compressional forces.

Subduction Zones

Regions where one tectonic plate moves under another, often resulting in volcanic activity and earthquakes.

Greater Than 700 Km

Refers to distances or depths exceeding 700 kilometers, often used in the context of geological formations or processes extending deep into the Earth's mantle.

Up To 700 Km

A spatial measurement indicating a distance or depth range that can extend up to 700 kilometers.