A philanthropist is a person who seeks to promote the welfare of others, especially by the generous donation of money to good causes.
Net Income for an organization is the Profit After tax and dividend paid. The formula for Net Income is:
Net Income = Sales - Cost of goods Sold - Operating Expenses - Return and Allowances - Taxes - Cash dividends
From the data given,
Sales = $12 Million
Cost of Goods Sold = $3 Million
Operating Expenses = $3 Million
Interest Expenses = $0.5 Million
Returns and Allowances = $1 Million
Taxes = $0.1 Million
Cash Dividend = $0.4 Million
By putting the variables in the above formula,
Net Income = $12 Million - $3 Million - $1 Million - $3 Million - $0.5 Million - $0.1 Million - $0.4 Million
Net Income = $4 Million
<u>Therefore, the answer is B Net Income is $ 4 Million</u>
1. Yes, I have volunteered and I currently do volunteer. I volunteer every Saturday at an NGO school for underprivileged children, helping them learn new vocabulary and how to read.
2. My duties are to bring in understandable and relatable books for the children, and teach them new words and pronunciations every time I come to volunteer. I have decided to volunteer to help these underprivileged children and help pull them out of poverty. This will help them become bright adults in the future, and eventually help our country's economy, as well.
3. People volunteer people volunteer because they feel the need to give back to their communities. This is because they might've grown up in this community and want to help others growing up there as well. And from experience as a young person growing up in this world, it helps us least New skills such as being leaders, compassionate and servant-hearted. It also helps us have some real world experiences such as vastly different communities and even weather.
A benefit for volunteering is it can help one get into a good University. Volunteer hours is what many Universities look for.
Hope I helped!
Answer:
The benefits of teamwork include increased efficiency, the ability to focus different minds on the same problem and mutual support.
