Cushman company had $836,000 in sales, sales discounts of $12,540, sales returns and allowances of $18,810, cost of goods sold of $397,100, and $287,585 in operating expenses. net income equals:_____.

The net income will be $ 119,965. Sales are given at $836,000, Sales discounts at $12,540, and sales returns and allowances at $18,810. The cost of goods sold is given at $397,100 and operating expenses are given at $ 287,585.

Net Sales = Sales figure - Sales discount figure - Sales return and allowances figure

= $836,000 - $12,540 - $18,810

= $804,650.

Gross profit = Net Sales figure - Cost of goods sold figure

= $ 804,650 - $ 397,100

= $407,550.

Net income = Gross Profit figure- Expenses figure

= $407,550 - $287,585

= $119,965.

The net income will be calculated by taking the net sales and subtracting all the expenses from it. Net income represents the income the company earns during the financial year.

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