Nieman Inc. , a local retailer, has provided the following data for the month of March: The net operating income for March was:
A)$130, 000
B)$134, 000
C)$43, 000
D)$47, 000

Name: Nieman Inc. , a local retailer, has provided the following data for the month of March: The net operating income for March was: A)$130, 000 B)$134, 000 C)$43, 000 D)$47, 000
Brand: Quizplus
Rating: 4.8 (32 reviews)

Question

Nieman Inc. , a local retailer, has provided the following data for the month of March:  The net operating income for March was:
A)$130, 000 
B)$134, 000 
C)$43, 000 
D)$47, 000

Quizplus · Accepted Answer

Net operating income = Sales - Cost of goods sold - Selling and administrative expenses
= $280, 000 - $142, 000 - ($27, 000 + $64, 000)
= $47, 000