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egoroff_w [7]
3 years ago
9

Last year, Sams swimming pool cleaning had a gross profit of $105,355 and net income of $72,010. Calculate sams operating expens

es for last year.
A.3,335
B.33,345
C.17,734
D.177,345
Business
1 answer:
Sindrei [870]3 years ago
6 0
The answer is B. You subtract the profit and income and you should get 33,345.
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There will be an UNDERSTATEMENT of McGinnis' net income for the most recent fiscal year of $30,900.

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The reason the net income understatement is $30,900 and not $40,900 is because McGinnis will still have to account for the payment to it's employees. If in a five day week they earn $12,500, that would mean that they earn $2,500 a day (12,500/5). Seeing as June ended on a Thursday, that is a 4 day week which means $2,500*4= $10,000.

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