The Willie Company Has Provided the Following Information

question 101

Multiple Choice

The Willie Company has provided the following information:
Operating expenses were $345,000;
Income from operations was $215,000;
Net sales were $1,100,000;
Interest expense was $71,000;
Discontinued operations loss was $87,000;
Income tax expense was $58,000.
What was Willie's cost of gross profit?

• A)$540,000
• B)$469,000
• C)$618,000
• D)$560,000

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Definitions:

Mesosystem

In ecological systems theory, the mesosystem refers to the interconnections between the microsystems in a person's life, such as family and school.

Microsystem

A layer of the ecological systems theory focusing on the immediate environment an individual interacts with, such as family and school.

Exosystem

A concept from ecological systems theory referring to the broader socio-cultural contexts that indirectly influence an individual's development, such as parents' workplaces or the neighborhood's characteristics.

Exosystem

A concept in ecological systems theory referring to the larger social systems and environmental contexts that indirectly influence an individual's development.