194 During October, 2011, Carol's Catering Company Generated Revenues of $13,000.Sales

question 53

Essay

194
During October, 2011, Carol's Catering Company generated revenues of $13,000.Sales discounts totaled $200 for the month.Expenses were as follows: Cost of goods sold of $7,000 and operating expenses of $2,000.
Calculate (1) gross profit and (2) income from operations for the month.

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Definitions:

Individual Differences

Variability among individuals in behavior, biology, and psychology that makes each person unique.

Genes

Units of DNA that serve as instructions to make molecules called proteins, playing crucial roles in determining physical and functional traits.

Environment

The surrounding or conditions in which a person, plant, or animal lives or operates.

Facial Expressions

are movements of the facial muscles that convey emotions, thoughts, and intentions to others, serving as a primary means of nonverbal communication.