Assuming that cost of goods sold for January was $124,000,what was the net income for January?
A) $61,000.
B) $26,000.
C) $51,000.
D) $25,000.= 210,000 - 124,000 - 25,000 - 35,000 = $26,000.

Question

Quizplus · Accepted Answer

The net income is calculated by subtracting the cost of goods sold, operating expenses, and any other expenses from total revenue. The calculation provided in option D shows this process: $210,000 (revenue) - $124,000 (cost of goods sold) - $25,000 (other expenses) - $35,000 (operating expenses) = $26,000.

Assuming That Cost of Goods Sold for January Was $124,000,what