Use the Information Given Below to Answer the Following Question

question 36

Multiple Choice

Use the information given below to answer the following question.
- What is the net profit for 2016?

• A) $70 000
• B) $62 000
• C) $104 000
• D) $112 000

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Definitions:

Investment Center

A business unit or segment whose manager has control over cost, revenue, and investments in assets, and is evaluated on profitability and return on investment.

Profit Center

A segment of a company that is directly responsible for generating its own revenue and profit, often evaluated independently for performance assessment.

Long-Term Liabilities

financial obligations of a company that are due more than one year in the future, including bonds payable, long-term lease obligations, and pension liabilities.

Service Department Charges

Expenses allocated to a company's operational departments that provide support or services to other internal departments rather than directly to customers.