Question

Calculate income from operations for Jonas Company based on the following data: Sales $764,000 Operating expenses 52,500 Cost of merchandise sold 538,000 a.$226,000 b.$711,500 c.$485,500 d.$173,500

Answer 1

Answer:

173,500

Explanation:

Operating income is income derived from a business's operations, after deducting operating expenses e.g. wages, depreciation, and cost of goods sold

Operating income = sales - operating expenses- cost of merchandise sold

$764,000 - 52,500 - 538,000 = 173,500

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