The Willie Company Has Provided the Following Information: Operating Expenses

question 91

Multiple Choice

The Willie Company has provided the following information: Operating expenses were $345,000;
Income from operations was $215,000;
Net sales were $1,100,000;
Interest expense was $71,000;
Discontinued operations loss was $87,000;
Income tax expense was $58,000.
What was Willie's gross profit?

• A) $540,000.
• B) $469,000.
• C)$618,000.
• D)$560,000.

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Definitions:

Child Development

The biological, psychological, and emotional changes that occur in human beings between birth and the end of adolescence.

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A situation where the father is physically or emotionally absent from the child's life, which can have various impacts on the child's development and psychological health.

Marry First Time

The act of entering into a marriage contract or ceremony for the first time.

Cognitive Development

The progression of learning and acquisition of problem-solving skills and knowledge, from childhood through adulthood.