A company has net sales of $137,000, cost of goods sold of $82,000, operating expenses of $39,000, and other expenses of $3,000. The company's net income is:

Name: A company has net sales of $137,000, cost of goods sold of $82,000, operating expenses of $39,000, and other expenses of $3,000. The company's net income is:
Brand: Quizplus
Rating: 4.9 (46 reviews)

Question

Quizplus · Accepted Answer

Net income is calculated as net sales minus cost of goods sold, operating expenses, and other expenses: $137,000 - $82,000 - $39,000 - $3,000 = $13,000.

A Company Has Net Sales of $137,000, Cost of Goods