The following information has been provided by the Rose Toiletries. Co Ltd. for the Second quarter of the year:   Cost of goods sold $   80,000 Fixed administrative expenses 19,000 Fixed selling expenses 10,000 Sales 200,000 Variable administrative expenses 5,000 Variable selling expense 12,000   1.      What was the company’s Net operating Income for the first quarter?

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
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Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...
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.The following information has been provided by the Rose Toiletries. Co Ltd. for the Second quarter of the year:

 

Cost of goods sold

$   80,000

Fixed administrative expenses

19,000

Fixed selling expenses

10,000

Sales

200,000

Variable administrative expenses

5,000

Variable selling expense

12,000

 

1.      What was the company’s Net operating Income for the first quarter?

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