If a company has revenue of $5,000, cost of goods sold of $3,000, and operating expenses...

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Question

If a company has revenue of $5,000, cost of goods sold of $3,000, and operating expenses...

If a company has revenue of $5,000, cost of goods sold of $3,000, and operating expenses of $800, what is net income?

Select one:

a. $2,000

b. $1,200

c. $5,000

d. $4,200

business accounting

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Answer 1

Answer #1

Net income = sales(revenue) - COGS - OPERATING EXPENSES

= 5000-3000-800 =1200

Answer : option (b)

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Answer 2

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