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Question - For February, sales revenue is $649,000, sales commissions are 7% of sales, the sales manager's salary is $84,800, advertising expenses are $91,200, shipping expenses total 1% of sale, and miscellaneous selling expenses are $2,000 plus 1/2 of 1% of sales. Find the total selling expenses for the month of February?
a. $233,165
b. $229,920
c. $223,430
d. $178,000
There were no additional capital contributions nor were there any dividends paid out during the year. Net income or( loss) for the period what?
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