When a principal falsely leads a third party to believe that another individual serves as his or her agent, the principal has cr
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Answer:
Net income 167,900
Explanation:
Sales revenue 36,000 x $14 = 504,000
Cost of good sold- <u> (230,600) </u>
Gross Profit: 273,400
Marketing expenses (77,000)
Administrative expenses <u> (28,500) </u>
Net income 167,900
Missing information attached.
We subtract the cost of good sold to get the gross profit.
the material, labor and overhead cost are included in the cost of good sold so we don't have to conted again. We will only post the expenses not related to manufacturing department which are, selling and adminsitrative.
