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

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Definitions:

Kenichi Ohmae

Kenichi Ohmae is a Japanese organizational theorist, consultant, and the author of several books on business strategy renowned for his work on global strategy and the "borderless world."

Capital Flows

Movements of money for the purpose of investment, trade, or business production across international borders.

Inflationary Recessions

Periods characterized by rising prices (inflation) occurring simultaneously with a decline in economic activity and employment (recession).

Monetary

Pertaining to currency or money, including policies, management, and the overall financial system that regulates money supply and interest rates in an economy.