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Power on the Go buys portable generators for $500 and sells them for $770. The company pays a sales commission of 5% of sales revenue
Power on the Go buys portable generators for $500 and sells them for $770. The company pays a sales commission of 5% of sales revenue to the sales staff. The company pays $6,000 a month rent for the store, and also pays $2,100 a month to staff in addition to the commissions. The company sold 700 generators in June. If the company prepares a traditional income statement for the month of June, what would be the operating income? A. $189,000 B. $539,000 C. $224,050 OD. $153,950
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