Find (A) the Gross Profit, (B) the Net Income Before

question 24

Multiple Choice

Find (a) the gross profit, (b) the net income before taxes, and (c) the net income after taxes.
-MidState Machinery has a cost of goods sold of $90,000, operating expenses of $66,000, taxes of $9,000, and net sales of $288,000.

• A)(a)$24,000 (b)$132,000 (c)$123,000
• B)(a)$222,000 (b)$132,000 (c)$123,000
• C)(a)$24,000 (b)$198,000 (c)$189,000
• D)(a)$198,000 (b)$132,000 (c)$123,000

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Definitions:

Diabetes

A chronic condition characterized by high levels of glucose in the blood due to the body's inability to produce enough insulin or effectively use insulin.

Chemical Agents

Substances that produce a chemical reaction or change, often used in various industrial, medical, or warfare applications.

Free Radicals

Highly reactive molecules with unpaired electrons, known to cause damage to cells, proteins, and DNA by stealing their electrons through a process called oxidative stress.

Body Weight

The total mass of an organism, typically measured to assess health and nutritional status.