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
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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