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Vinil7 [7]
3 years ago
7

Which is correct when finding profit?

Business
1 answer:
stepladder [879]3 years ago
3 0
Hi there! The revenue is the amount of money you make. However, you have to subtract the costs, because you have to buy different things, so you won't get 100% of the revenue. You would have to subtract costs from the revenue to get your profit. Therefore, the answer is A: revenue - costs = profit.
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Division of labor and specialization
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Henry Carr and Noreen Mason formed a partnership, dividing income as follows: annual salary allowance to Carr of $42,000; intere
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$239,060

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The computation of the net income distributed to Carr as follows;

<u> Particulars     Carr      Mason      net income distributed   Non-allocated </u>

Net income                                                                              $442,000

Salary

allowance     $42,000                  $42,000                            $400,000

Interest

on capital     $4,410   $10,290      $14,700                            $385,300

left amount  $192,650 $192,650  $385,300                        $0

Net income  $239,060

8 0
3 years ago
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