Compute Net Income for the Housewares Department,when Gross Profit Is

question 114

Multiple Choice

Compute net income for the housewares department,when gross profit is $650,000,direct expenses $235,000,indirect expenses are $90,000 and sales are $875,000.

• A)($20,000)
• B)$530,000
• C)$205,000
• D)$325,000

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