T. J. Bronson made sales of ($ 9,300) and ended April with inventories totaling ($ 900). Cost

Question:

T. J. Bronson made sales of \(\$ 9,300\) and ended April with inventories totaling \(\$ 900\). Cost of goods sold was \(\$ 6,000\). Total operating expenses were \(\$ 2,700\). How much net income did Bronson earn for the month?

a. \(\$ 600\)

b. \(\$ 900\)

c. \(\$ 3,300\)

d. \(\$ 6,600\)

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Accounting

ISBN: 9780132439602

7th Edition

Authors: Charles T. Horngren, Walter T. Harrison

Question Posted: