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Compute Net Income for the Housewares Department, When Gross Profit

Question 45

Multiple Choice

Compute net income for the housewares department, when gross profit is $680,000, direct expenses are $237,000, indirect expenses are $90,000 and sales are $890,000.


A) -$210,000
B) $443,000
C) $590,000
D) $353,000

Correct Answer:

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