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posted by  merzaman on 5/6/2008 8:13:18 AM  |  status: Closed  

Accounting

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Question Details:
8) Consider the following totals:
Revenues $.100,000
Cost and expenses $. 45,000
Income taxes $. 18,000
Net income $. 42,000
What was the total of operating income?
a) $. 42,000
b) $. 55,000
c) $. 60,000
d) $. 37,000
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posted by tbpatel on 5/6/2008 8:31:59 AM  |  status: Live
Asker's Rating: Helpful   
merzaman's comment:
"Cool"
Response Details:
operating income = revenues - expenses
operating income - income tax = net income
therefore the solution should be b $55,000
Tags: Math, Other
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posted by Samileo31 on 5/6/2008 9:21:10 AM  |  status: Live
Asker's Rating: Helpful   
merzaman's comment:
"I think this's the real choice....Thanks"
Response Details:
dear
55000
take care
Tags: Math, Other
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