A company has net sales of $126,000,cost of goods sold of $72,000,operating expenses of $38,000,and other expenses of $3,000.The company's net income is:

Name: A company has net sales of $126,000,cost of goods sold of $72,000,operating expenses of $38,000,and other expenses of $3,000.The company's net income is:
Brand: Quizplus
Rating: 4.9 (49 reviews)

Question

Quizplus · Accepted Answer

Net income is calculated as net sales minus cost of goods sold, operating expenses, and other expenses: $126,000 - $72,000 - $38,000 - $3,000 = $13,000.

A Company Has Net Sales of $126,000,cost of Goods Sold