Final Answer:
A firm had the following accounts and financial data for 2022 The firm EBIT (earning before interest and tax) for 2022 is $920.00
The correct option is C) $920.00
Step-by-step explanation:
EBIT (Earnings Before Interest and Tax) is calculated by subtracting the operating expenses and the cost of goods sold from the total revenue. In this case, the correct calculation would be: EBIT = Total Revenue - Operating Expenses - Cost of Goods Sold. To determine the correct option, we need to find the value that satisfies the EBIT calculation. Among the given options, Option C) $920.00 is correct because it represents the positive earnings after subtracting operating expenses and cost of goods sold.
If the firm's EBIT is $920.00, it means that after accounting for operating expenses and cost of goods sold, the firm has earned $920.00 before considering interest and taxes.