Answer the Following Questions Using the Information Below -What Is the Operating Income for 2015?
A) $75,000
B)

question 173

Multiple Choice

Answer the following questions using the information below:
$\begin{array}{lr}\text { Beginuing finished goods, 1/1/2015 } & \$ 92,000 \\\text { Ending finished goods, 12/31/2015 } & 75,000 \\\text { Cost of goods sold } & 300,000 \\\text { Sales revenue } & 450,000 \\\text { Operating expenses } & 95,000\end{array}$
-What is the operating income for 2015?

• A) $75,000
• B) $55,000
• C) $62,000
• D) $68,000

Understand the concept of a holder in due course and the privileges associated with that status.

Recognize the conditions under which a negotiable instrument becomes overdue.

Understand the impact of modifications and unauthorized alterations on the enforceability of negotiable instruments.

Learn the specific requirements and legal effects of different types of restrictive and qualified indorsements.

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