Salieri & Company has net sales of $43,000, cost of goods sold $22,000, interest expense $1,000, and operating expenses $5,000. Salieri's operating income is $15,000.

Name: Salieri & Company has net sales of $43,000, cost of goods sold $22,000, interest expense $1,000, and operating expenses $5,000. Salieri's operating income is $15,000.
Brand: Quizplus
Rating: 4.8 (49 reviews)

Question

Quizplus · Accepted Answer

Operating income is calculated as net sales minus cost of goods sold and operating expenses. Here, it would be $43,000 - $22,000 - $5,000 = $16,000, not $15,000.

Salieri & Company Has Net Sales of $43,000, Cost of Goods