A co-op marketing grain on behalf of members had $1,000,000 gross income from the sale of patron
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Question:
A co-op marketing grain on behalf of members had $1,000,000 gross income from the sale of patron goods. The co-op's cost of goods sold for patrons was $400,000 for the year. The co-op's other expenses, including personnel costs, costs of operating equipment and utilities, and other expenses, totaled $450,000 for the year. What was the cooperative's net margin for the year?
select an answer:
a: $600,000
b: $150,000
c: $550,000
d: $200,000
Related Book For
Modern Advanced Accounting In Canada
ISBN: 9781259066481
7th Edition
Authors: Hilton Murray, Herauf Darrell
Posted Date: