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28 June, 16:21

3. NBC Company had $32,000 in net sales, $15,000 in cost of merchandise sold, $14,000 in operating expenses, and $2,000 in other income. What is NBC Company's operating profit

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  1. 28 June, 20:14
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    Net operating income = $3,000

    Explanation:

    Giving the following information:

    NBC Company had $32,000 in net sales, $15,000 in cost of merchandise sold, $14,000 in operating expenses, and $2,000 in other income.

    We need to use the following structure:

    Revenues (+)

    Operating Revenue

    Non-Operating Revenue

    Total

    Expenses (-)

    Primary Activity Expenses

    Secondary Activity Expenses

    Total

    =Net income/loss

    In this exercise:

    Sales = $32,000

    Other income = $2,000

    Total = 32,000

    Cost of merchandise = $15,000

    Operating expense = $14,000

    Total = (29,000)

    Net operating income = $3,000
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