McKay Corporation has Sales of $174,500, Cost of Goods Sold of $72,000, Direct Expenses of $39,300, and Indirect Expenses of $29,000. What is McKay Corporation's Net Income from Operations?

Question

Quizplus · Accepted Answer

Net Income from Operations is calculated by subtracting Cost of Goods Sold, Direct Expenses, and Indirect Expenses from Sales. So, $174,500 - $72,000 - $39,300 - $29,000 = $34,200.

McKay Corporation Has Sales of $174,500, Cost of Goods Sold