A company has net sales of $222,000, cost of goods sold $95,000, operating expenses of $44,000, and other expenses of $9,000. The company's net income is:

Name: A company has net sales of $222,000, cost of goods sold $95,000, operating expenses of $44,000, and other expenses of $9,000. The company's net income is:
Brand: Quizplus
Rating: 4.8 (52 reviews)

Question

Quizplus · Accepted Answer

Net income is calculated by subtracting the cost of goods sold, operating expenses, and other expenses from net sales. So, $222,000 - $95,000 - $44,000 - $9,000 = $74,000.

A Company Has Net Sales of $222,000, Cost of Goods