Crawford Company has provided the following information: Cash sales totaled $200,000. Credit sales totaled $480,000. Cash...

 

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Crawford Company has provided the following information: Cash sales totaled $200,000. Credit sales totaled $480,000. Cash collections from customers for services yet to be provided totaled $80,000. A $16,000 loss from the sale of property and equipment occurred. Interest revenue was $7,800. Interest expense was $18,000. Supplies expense was $270,000. Rent expense for the store was $30,000. Wages expense was $40,000. Other operating expenses totaled $70,000. Unearned revenue was $3,600. What is the amount of Crawford's income from operations (operating income)? Crawford Company has provided the following information: Cash sales totaled $200,000. Credit sales totaled $480,000. Cash collections from customers for services yet to be provided totaled $80,000. A $16,000 loss from the sale of property and equipment occurred. Interest revenue was $7,800. Interest expense was $18,000. Supplies expense was $270,000. Rent expense for the store was $30,000. Wages expense was $40,000. Other operating expenses totaled $70,000. Unearned revenue was $3,600. What is the amount of Crawford's income from operations (operating income)?

Answer rating: 100% (QA)

ANSWER To calculate Crawford Companys income from operations operating income we need to subtract th... View the full answer