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oee [108]
3 years ago
8

Consider the following year-end information for a company: Cost of goods sold $ 420,000 Sales revenue 800,000 Non Operating expe

nses 10,000 Operating expenses 170,000 Income tax expense 80,000 What amount will the company report for operating income
Business
1 answer:
Bad White [126]3 years ago
4 0

Answer:

$210,000.

Explanation:

Given:

Cost of goods sold = $420,000

Sales revenue = $800,000

Operating expenses = $170,000

Question asked:

What amount will the company report for operating income ?

Solution:

As we know, Operating Income = Gross Profit- Operating Expenses

First of all we will find gross profit,

Gross Profit = Net Sales – Cost of goods sold

                    = $800,000 -  $420,000

                    = $380,000

Now, Operating Income = Gross Profit- Operating Expenses

                                        = $380,000 -  $170,000

                                        = $210,000

Therefore, consider the following year-end information for a company, its Operating Income is  $210,000.

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7 0
1 year ago
When a competitive market is in​ equilibrium, what is the economically efficient level of​ output? A. any output level where mar
Anestetic [448]

Answer:

The correct answer is C. the output level where marginal cost is equal to marginal benefit .

Explanation:

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6 0
3 years ago
Is it reasonable to assume that treasury bonds will provide higher returns in recessions than in booms?
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3 years ago
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Shelton Enterprises is expecting tremendous growth from its newest boutique store. Next year the store is expected to bring in n
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Answer:

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Explanation:

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