Question
Walton Manufacturing Company gathered the following data for the month.
Cost of goods sold 35,000
Sales89,000
Selling expenses 16,000
Administration expenses 21,000
How much net operating income will be reported for the period? (4 marks)
Cost of goods sold 35,000
Sales89,000
Selling expenses 16,000
Administration expenses 21,000
How much net operating income will be reported for the period? (4 marks)
Answers
Answered by
GPT 3.5
Net Operating Income = Sales - Cost of Goods Sold - Selling Expenses - Administration Expenses
Net Operating Income = 89,000 - 35,000 - 16,000 - 21,000
Net Operating Income = $17,000
Therefore, the net operating income reported for the period will be $17,000.
Net Operating Income = 89,000 - 35,000 - 16,000 - 21,000
Net Operating Income = $17,000
Therefore, the net operating income reported for the period will be $17,000.