The Following Information Relates to Sports Bikes Company Calculate the Operating Income

question 248

Multiple Choice

The following information relates to Sports Bikes Company. $$\begin{array} { | l | r | } \hline \text { Net Sales Revenue } & \$ 203,000 \\\hline \text { Cost of Goods Sold } & 160,000 \\\hline \text { Interest Revenue } & 10,000 \\\hline \text { Operating Expenses } & 40,000 \\\hline\end{array}$$ Calculate the operating income.

• A) $3,000
• B) $60,000
• C) $230,000
• D) $13,000

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Definitions:

Criminal Cases

Legal proceedings brought against individuals accused of committing crimes against the state or public.

Appellate Jurisdiction

The authority of a court to review and decide on appeals from the decisions of lower courts.

Original Jurisdiction

The power of a court to hear a case for the first time, as opposed to appellate jurisdiction.

Concurrent Jurisdiction

The situation where two or more courts from different systems simultaneously have jurisdiction over a specific case.