Question

Daisy's Dolls sold 30,000 dolls this year. Each doll sold for $40 and had a variable cost of $19. Fixed expenses were $250,000. Net operating income for the year is ______.Multiple choice question.$1,520,000$380,000$630,000$(249,979)

Answer 1

The Net operating income for the year is $380,000

Using this formula

Net operating income=[Sales×(Fixed Cost-Variable cost)] -Fixed expenses

Let plug in the formula

Net operating income=[30,000×($40-$19)]-$250,000

Net operating income=(30,000×$21) -$250,000

Net operating income=$630,000-$250,000

Net operating income=$380,000

Inconclusion The Net operating income for the year is $380,000.

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