Jones Manufacturing Inc. Jones Manufacturing Inc. incurred the following costs in November:
In addition, the following information is also available:
Refer to the Jones Manufacturing Inc. information above. Net operating income for November is: (Ignore taxes)

Question

Jones Manufacturing Inc. Jones Manufacturing Inc. incurred the following costs in November:
 In addition, the following information is also available:
 Refer to the Jones Manufacturing Inc. information above. Net operating income for November is: (Ignore taxes)

Quizplus · Accepted Answer

To calculate the net operating income for November, we need to subtract total expenses from total revenue. 
Total revenue = $2,825,000 + $50,000 = $2,875,000
Total expenses = $1,950,000 + $150,000 + $250,000 + $153,000 + $50,000 = $2,553,000
Net operating income = Total revenue - Total expenses = $2,875,000 - $2,553,000 = $371,950. Therefore, the correct answer is A.