The following information relates to Sports Bikes, Inc. Net Sales Revenue $ 193 000 Cost...

80.2K

Verified Solution

Question

Accounting

The following information relates to Sports Bikes, Inc.

Net Sales Revenue $ 193 000

Cost of Goods Sold 150 000

Interest Revenue 10 000

Operating Expenses 42 500

Calculate the operating income.

A.

$10,500

B.

$500

C.

$59,500

D.

$ 220 000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students