The Operating Income of a Company Is $10 Million,the Net

question 15

Multiple Choice

The operating income of a company is $10 million,the net marketing contribution is $30 million and general and administrative expenses are $5 million.Calculate the other operating expenses.

• A)$10 million
• B)$5 million
• C)$15 million
• D)$20 million
• E)$25 million

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Definitions:

Trade-off

The process of sacrificing one quality, quantity, or property to gain another.

Accounts Receivable

Money owed to a business by its clients for goods or services that have been delivered or used but not yet paid for.

Current Assets

Current assets include all assets that a company expects to convert into cash or use up within one business cycle, such as cash, inventory, and accounts receivable.

Statement of Financial Position

A financial statement that displays an entity's assets, liabilities, and equity as of a specific date, commonly known as a balance sheet.