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ad-work [718]
3 years ago
6

Question 11 of 20: Select the best answer for the question. 11.

Mathematics
1 answer:
Kazeer [188]3 years ago
3 0

Answer: $29500

Step-by-step explanation:

Given the information from the question, the net income will be calculated as:

Net sales = Gross profit - sales returns and allowances

= $50000 - $6,000

= $44000

Gross profit = Net sales - Cost of goods sold

= $44000 - $10000

= $34000

Net income = Gross profit - Operating expense

= $34000 - $4500

= $29500

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