The company incurs net operating loss of -$15,000 having reported gross margin initially.
<h3>What is net operating income?</h3>
Net operating income is the sum total of a company's profit after subtracting its regular, recurring costs and expenses.
Net Operating income or loss is computed as :
= Total Revenue - Cost of Goods Sold - Operating Expenses
= $100,000 - $70,000 - $45,000
= -$15,000
Therefore, the net operating loss for the company is -$15,000
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A trial balance strategy would a bookkeeper utilizes to make sure each column of debits and credits has similar totals.
Credit is normally described as an agreement between a lender and a borrower. credit additionally refers to a person's or commercial enterprise's creditworthiness or credit score records. In accounting, credit may additionally both lower belongings or growth liabilities in addition to decreasing fees or increase sales.
A credit score balance for your billing declaration is a quantity that the cardboard issuer owes you. credit is brought to your account each time you make a price. A credit score is probably brought while you go back to something to procure together with your credit score card.
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That crime would be considered a Class A misdemeanor.
Answer:
I believe the answer is B. 30 percent
<em>good luck, i hope this helps :)</em>
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Answer
The answer and procedures of the exercise are attached in the attached archives.
Explanation
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