The Whippleton Department Had Gross Profit on Sales of $120,000

question 66

Multiple Choice

The Whippleton Department had gross profit on sales of $120,000, contribution margin of $102,000, total direct expenses of $18,000, and total indirect expenses of $52,000. The Whippleton Department has:

• A)a net income from operations of $42,000.
• B)a net income from operations of $8,000.
• C)a net income from operations of $50,000.
• D)a net loss from operations $10,000.