B is the most reasonable answer
Answer:
the answer is
if Tom saves 2 percent of money in saving accounts he will have963,600 at the end of year
Answer:
Date Account title Debit Credit
July 1 Bonds Payable $220,000
Premium on Bonds Payable $8,200
Cash $224,400
Gain on retirement of bond $3,800
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<u>Working:</u>
Premium = Carrying value - Par value
= 228,200 - 220,000
= $8,200
Gain on retirement of bond = Carrying amount - Amount paid:
= 228,200 - 224,400
= $3,800
The amount of money remaining from a firm's sales revenue after it deducts production costs, interest costs, and taxes is: Profit.
Profit can be defined as the amount of money earned after deducting all expenses.
A business or organization objective is to generate profit, therefore any amount a company earned from the sales of goods and service after deducting all expenses all after deducting all the production cost is called profit.
In another word profit is the revenue generated after paying out all costs such as:
Inconclusion the amount of money remaining from a firm's sales revenue after it deducts production costs, interest costs, and taxes is: Profit.
Learn more about profit here:brainly.com/question/1078746
