Use This Information to Answer the Following Question In Addition,beginning Merchandise Inventory Was $22,000 and Ending Merchandise Inventory

question 145

Multiple Choice

Use this information to answer the following question. $$\begin{array} {| l | r | r | } \hline \text { Account Name } & { \text { Debit } } & { \text { Credit } } \\\hline \text { Sales } & & 319,000 \\\text { Sales Retums and Allowances } & 10,000 & \\\text { Purcha5es } & 68,000 & \\\text { Purchases Returns and Allowances } & & 8,000\\\text { Freight-In } & 12,000 & \\\text { Selling Exgenses } & 30,000 & \\\text { General and Administrative Exgenses } & 110,000 &\\\hline\end{array}$$ In addition,beginning merchandise inventory was $22,000 and ending merchandise inventory was $14,000.
Income before income taxes for the period was

• A) $199,000.
• B) $119,000.
• C) $89,000.
• D) $229,000.

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Definitions:

Interaction Effects

The impact on a dependent variable that changes depending on the levels of two or more independent variables.

Factorial Designs

Experimental setups that allow researchers to examine the effects of two or more factors by changing them simultaneously and observing the results.

Independent Variables

Variables in an experiment or model that are manipulated or changed to observe their effects on dependent variables.

Single-Factor Designs

Experimental designs that involve only one independent variable to investigate its effect on a dependent variable.