Question

Presented here are the components in Tektron Industry's income statement. What is Tektron's Sales Revenue and Operating Expenses?

Sales Revenue:
Cost of Goods Sold: $135,000
Gross Profit: $125,000
Operating Expenses:
Net Income: $80,000
Sales revenue= cost of goods sold+gross profit
Operating expense= gross profit-net income

Answer 1

Tektron Industry's Sales Revenue is $260,000 and its Operating Expenses are $45,000.

Step-by-step explanation:

Sales revenue represents the income generated by a company from selling its products or services. In this case, Tektron Industry's sales revenue is not provided in the question. However, we can calculate it using the given information:

Gross profit = Sales revenue - Cost of Goods Sold

Given that the Gross Profit is $125,000 and the Cost of Goods Sold is $135,000, we can express the equation as:

Sales revenue = Gross profit + Cost of Goods Sold = $125,000 + $135,000 = $260,000

Operating expenses represent the costs incurred by a company in its day-to-day operations. In this case, the operating expenses can be calculated using the given information:

Operating expenses = Gross profit - Net income = $125,000 - $80,000 = $45,000