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Calculate income from operations for Jonas Company based on the following data: Sales $764,000 Selling expenses 52,500 Cost of goods sold 538,000 Oa. $711.500 Ob. $173.500 Oc. $485.500 Od. $226.000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

100%

Calculate income from operations for Jonas Company based on the following data:
Sales
$764,000
Selling expenses
52,500
Cost of goods sold
538,000
Oa, $711.500
Ob. $173,500
Oc. $485,500
Od. $226,000
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Operating income: It is the profit arrived after deducting all the operating expenses from the revenues of the company.

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Compute operating income for Jonas Company based on the following data: Line Item Description Amount Sales $764,000 Operating expenses 52, 500 Cost of goods sold 538,000
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