If Net Sales is $10,000,Cost of Goods Sold is $5,000,Gross Profit is $5,000 and Operating Expenses are $1,000,what is the Net Income from Operations?
A)$2,000
B)$4,000
C)$1,000
D)$3,000

Question

Quizplus · Accepted Answer

Net Income from Operations is calculated by subtracting Operating Expenses from Gross Profit. Gross Profit is $5,000 and Operating Expenses are $1,000, so Net Income from Operations is $5,000 - $1,000 = $4,000.

If Net Sales Is $10,000,Cost of Goods Sold Is $5,000,Gross