Answered

Welcome to Westonci.ca, the Q&A platform where your questions are met with detailed answers from experienced experts. Get accurate and detailed answers to your questions from a dedicated community of experts on our Q&A platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

A company reports Gross margin of $100,000, Cost of goods sold of $70,000, and Selling and administrative expenses of $45,000. Net operating income (loss) is ______.

Sagot :

ayokenny2001

The company incurs net operating loss of  -$15,000 having reported gross margin initially.

What is net operating income?

Net operating income is the sum total of a company's profit after subtracting its regular, recurring costs and expenses.

Net Operating income or loss is computed as :

= Total Revenue - Cost of Goods Sold - Operating Expenses

= $100,000 - $70,000 - $45,000

= -$15,000

Therefore, the net operating loss for the company is -$15,000

Learn more about net operating income here : https://brainly.com/question/25895372

We appreciate your time on our site. Don't hesitate to return whenever you have more questions or need further clarification. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.