CPK & Associates is a mid-size legal firm, specializing in closings and real estate law in the

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CPK & Associates is a mid-size legal firm, specializing in closings and real estate law in the south. In 2019, they generated $945,000 in sales revenue. Their expenses related to this year’s revenue are shown:

Based on the information provided for the year, what was their net operating income?

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Principles Of Accounting Volume 2 Managerial Accounting

ISBN: 9780357364802

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Authors: OpenStax

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Question Posted: Jul 19, 2023 05:41 AM

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CPK & Associates is a mid-size legal firm, specializing in closings and real estate law in the

Question:

Operating expenses (including salaries) Cost of services Total cost per client Clients served in 2019 $312,000 1,750 225

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To calculate CPK Associates net operating income we need to subtr...View the full answer

Principles Of Accounting Volume 2 Managerial Accounting

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