The Callie Company Has Provided the Following Information

question 95

Multiple Choice

The Callie Company has provided the following information:
Operating expenses were $231,000;
Cost of goods sold was $376,000;
Net sales were $940,000;
Interest expense was $32,000;
Gain on sale of a building was $76,000;
Income tax expense was $151,000.
What was Callie's gross profit?

• A)$564,000
• B)$188,000
• C)$333,000
• D)$232,000

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Definitions:

Behavior

A range of actions and reactions of humans or animals in response to internal or external stimuli.

Pseudoscience

Systems of thought or practice that claim to be scientific or are presented as science but lack empirical evidence and adherence to scientific methods.

Scientific Terms

Vocabulary or lexicon that is specific to the disciplines of science, used to describe principles, theories, and concepts.

Scientific Enquiry

The process of using empirical evidence and systematic investigation to understand phenomena.