Using the information below, calculate net income for the period: Sales revenues for the period $ 1,309,000 Operating expenses for the period 244,000 Finished Goods Inventory, January 1 41,000 Finished Goods Inventory, December 31 46,000 Cost of goods manufactured for the period 545,000

Net income for the period is:

= $525,000.

Explanation:

a) Data and Calculations:

Sales revenues for the period                  $ 1,309,000

Operating expenses for the period               244,000

Finished Goods Inventory, January 1                41,000

Cost of goods manufactured for the period   545,00

Finished Goods Inventory, December 31       (46,000)

Cost of goods sold for the period =              540,000

Income Statement for the period:

Sales revenues for the period                  $ 1,309,000

Cost of goods sold for the period =             (540,000)

Gross profit for the period =                        $769,000

Operating expenses for the period             (244,000)

Net income for the period =                       $525,000

answer; bootstrapping is your answer;

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.