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.

---

Definitions:

Charismatic Leadership

A style of leadership where the leader possesses exceptional charm and persuasiveness that inspire and motivate followers towards a vision.

Personal Abilities

The skills, talents, and competencies that an individual possesses, which contribute to their performance and achievements.

Profound Effects

Deep or significant impacts that alter the state or course of something.

Transformational Leaders

Leaders who inspire and motivate their followers to exceed their own self-interests for the good of the organization and to achieve extraordinary outcomes.