From the Following Details,calculate Operating Income A) $87,000
B) $160,000
C) $80,000
D) $73,000

question 200

Multiple Choice

From the following details,calculate operating income. $$\begin{array} { | l | r | } \hline \text { Net Sales Revenue } & \$ 420,000 \\\hline \text { Cost of Goods Sold } & 260,000 \\\hline \text { Operating Expenses } & 80,000 \\\hline \text { Interest Revenue } & 7,000 \\\hline\end{array}$$

• A) $87,000
• B) $160,000
• C) $80,000
• D) $73,000

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Definitions:

Voting Rights

The rights of shareholders to vote on company matters, typically exercised during a corporation's annual general meeting.

Dividends

Payments made by a corporation to its shareholder members, distributing a portion of the company's earnings.

Common Stock

Equity ownership in a corporation, representing a claim on its earnings and assets.

Outstanding

Refers to shares that are currently owned by investors, including restricted shares owned by the company's officers and insiders.