Answer:
$434
Explanation:
Net sales = $2,910
-Cost of goods sold = $1,560 (Working)
=Gross profit = $1350
-Operating expenses = $730
=Profit before Tax = $620
-Tax 30% = $186
=Net Profit/Net Income= $434
<u>Working</u>
Cost of goods sold = Cost of goods available for sale - Closing Inventory if LIFO is elected
Cost of goods sold = 2,430 - 870 = 1560
Answer:
The answer is A.
Explanation:
It is the point where the demand and supply curve intersect
Something that is put in.
The act or process of putting in.
The power or energy supplied to a machine.
