Department B had net sales of $70,000,gross profit on sales of $35,000,total direct expenses of $9,000,and total indirect expenses of $6,000.Department B's net income is

Question

Quizplus · Accepted Answer

Net income is calculated as gross profit minus total expenses (both direct and indirect). Gross profit is $35,000, direct expenses are $9,000, and indirect expenses are $6,000. Therefore, net income is $35,000 - $9,000 - $6,000 = $20,000.

Department B Had Net Sales of $70,000,gross Profit on Sales