During 2020, Wu Han Co

question 10

Multiple Choice

During 2020, Wu Han Co. generated net sales of $95,000. The company's expenses were as follows: cost of goods sold of $47,000, operating expenses of $16,000 and a loss on disposal of plant assets of $5,000. Wu Han's income from operations is

• A) $37,000.
• B) $32,000.
• C) $48,000.
• D) $95,000.

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Definitions:

Origin

The point at which something begins or arises, often used in various contexts such as the origins of a concept, product, or phenomenon.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent, salaries, or insurance premiums.

Workplace Rage

The demonstration of aggressive behaviour toward co-workers or the work setting.

Physical Exhaustion

A state of extreme physical tiredness or fatigue, often resulting from excessive work or exercise.