net income

Assume that a company has the following information for the month of March:

Revenue: $50,000

Cost of Goods Sold: $20,000

Operating Expenses: $15,000

Taxes: $2,500

What is the company's net income for the month of March?

Solutions

Expert Solution

To calculate the net income for the month of March, we need to subtract the total expenses from the total revenue.

Total expenses = Cost of Goods Sold + Operating Expenses + Taxes Total

expenses = $20,000 + $15,000 + $2,500

Total expenses = $37,500

Now we can calculate the net income:

Net Income = Total Revenue - Total Expenses

Net Income = $50,000 - $37,500

Net Income = $12,500

Therefore, the company's net income for the month of March is $12,500.

devender singh answered 1 year ago

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