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mash [69]
3 years ago
13

Compute Net Income given the Following; Show your answer as a number only, no commas, symbols, or decimals. Cash=$10,000 Revenue

s =$120,000 Accounts Payable = $20,000 Inventory = $30,000 Contributed Capital = $60,000 Dividends = $40,000 Expenses = $55,000 Salary Payable = $15,000
Business
1 answer:
Maurinko [17]3 years ago
3 0

Answer:

Net Income is $65,000.

Explanation:

According to given data

Revenue = $120,000

Expenses = $55,000

Net Income = Revenue - Expesnes

Net Income = $120,000 - $55,000

Net Income = $65,000

Net Income is $65,000.

As net income is calculated using Revnue and Expenses, In the presence of this data we will not consider thae value from the balance sheet.

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If Merv calls Carla telling her the deal is off and Carla threatens to sue for breach of contract, the result is:

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<h3>What is a Contract? </h3>

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Learn more about demand is price elastic.

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hope this helps :)!!!
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