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bernie2981 bernie2981
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8 years ago
The Seashell Factory sells beach goods to tourists. The following information summarizes the company's operating expenses for the year:

Cost of goods sold    $108,000
Marketing    $1,200
Rent and utilities     $12,500
Salaries and wages    $12,000
Sales revenues      $170,000

What is gross profit?
A) $62,000
B) $117,000
C) $9,000
D) $65,000
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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nucleinuclei
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8 years ago
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bernie2981 Author
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#2
8 years ago
Answers my question perfectly.
wrote...
#3
4 years ago
thank you
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