Assuming Net Sales Are $180,000, Cost of Goods Sold Is

question 23

Multiple Choice

Assuming Net Sales are $180,000, Cost of Goods Sold is $79,000, Selling Expenses are $28,500, General Expenses are $22,800, and Interest Expense is $2,000, then Net Income is

• A)$27,700.
• B)$49,700.
• C)$101,000.
• D)$95,300.
• E)$47,700.