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Salon’s income from operations is

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Salon’s income from operations is Use the following information for questions 1–3. During 2008, Salon Enterprises generated revenues of $60,000. The company’s expenses were as follows: cost of goods sold of $30,000, operating expenses of $12,000 and a loss on the sale of equipment of $2,000. 1. Salon’s gross profit is a. $60,000. b. $30,000. c. $18,000. d. $16,000. 2. Salon’s income from operations is a. $60,000. b. $30,000. c. $18,000. d. $12,000. 3. Salon’s net income is a. $60,000. b. $30,000. c. $18,000. d. $16,000. Use the following information for questions 4–5. Financial information is presented below: Operating Expenses $ 45,000 Sales 150,000 Cost of Goods Sold 77,000 4. Gross profit would be a. $105,000. b. $28,000. c. $73,000. d. $150,000. 5. The gross profit rate would be a. .700. b. .187. c. .300. d. .487. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

Salon’s income from operations is

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