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IrinaVladis [17]
3 years ago
9

Which are my revenues and which are my expenses (besides ones that say expense)? And what should be my net income?

Business
1 answer:
Tasya [4]3 years ago
3 0

Rent expense, land purchased, utility, salary expense, accounts payable, dividend, salaries, insurance---that is your expense for the year. Look at your income is Retained earning, accounts receivable, service revenue, common stock. Add all the expense and subtract from earning that will be your net income.

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Suppose there are only two firms in an economy: Cowhide, Inc. produces leather and sells it to Couches, Inc., which produces and
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Solution as seen below

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