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29 June, 17:18

Determine the operating income using the following information: Sales $340,100 Cost of goods sold 252,000 Selling expenses 25,200 Administrative expenses 12,500 a.$62,900 b.$340,100 c.$88,100 d.$50,400

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  1. 29 June, 20:06
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    Operating income is $ 50,400

    Explanation:

    Operating Income is Profit derived by the company from its primary activities

    Calculation of Operating Income:

    Sales 340,100

    Less Costs of Goods Sold 252,000

    Gross Profit 88,100

    Less Operating Expenses

    Selling Expenses 25,200

    Administrative Expenses 12,500

    Operating Income 50,400
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