mheducationcom MC Qu 157 A company has net sales A company h

mheducation.com MC Qu. 157 A company has net sales. A company hes net ssies of $879,000 and cost of goods sold of $583 000 ts met income s 505300 The company\'s gross margin and operating expenes, respectivelyae 226.000a and 5390.300 52.000 and s90.900 and 5105 100 BABBAE 4

Solution

Answers

A

Net Sales

$                              8,79,000.00

B

Cost of Goods Sold

$                              5,83,000.00

C=A-B

Gross Margin

$                              2,96,000.00

D

Net Income

$                              1,05,100.00

E=C-D

Operating Expenses

$                              1,90,900.00

$ 296,000 = Gross Margin, and
$ 190,900 = Operating Expenses.

A	Net Sales	$                              8,79,000.00
B	Cost of Goods Sold	$                              5,83,000.00
C=A-B	Gross Margin	$                              2,96,000.00
D	Net Income	$                              1,05,100.00
E=C-D	Operating Expenses	$                              1,90,900.00