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:

Manufacturing Production

The process of converting raw materials or components into finished goods through the use of machinery and labor in factories.

Means of Production

The resources, such as land, factories, and tools, required for the production of goods and services.

Proletariat

In Marx’s usage, is the working class. Members of the proletariat perform physical labor but do not own means of production. They are thus in a position to earn wages.

Lumpenproletariat

A term used primarily in Marxist theory to describe the lower strata of the working class, including those who are unemployed or unemployable due to the lack of necessary skills.