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"Snoop Company sells collectibles. The following information summarizes Snoop Company's operating activities for the most recent year: Merchandise inventory, beginning $12,000 Merchandise inventory, ending 6,000 Purchases 97,000 Operating expenses 6 2,000 Sales revenue 195,000"

What is the operating income for the​ year? (Round your answer to the nearest whole​ dollar.)

A.

$274,000

B.

$320,000

C.

$206,000

D.

1 Answer

3 votes

Answer:

The answer is $30000

Step-by-step explanation:

$ $

Sales 195000

Less cost of sales

Opening stock 12000

Add purchases 97000

109000

Less closing stock 6000

103000

Gross profit 92000

Less operating expenses 62000

Operating income 30000

The operating income is $30000

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