The net operating income in the planning budget for May would be closest to: Refer To: 09-199
A)$22,149
B)$22,279
C)$24,204
D)$23,960

Question

Quizplus · Accepted Answer

To calculate the net operating income in the planning budget for May, we need to sum up the total revenues and subtract the total expenses.

Total revenue = $248,000 + $17,000 = $265,000

Total expenses = $202,000 + $22,000 + $17,040 = $241,040

Net operating income = Total revenue - Total expenses 
= $265,000 - $241,040 
= $23,960

Therefore, the closest option is D, $23,960.

The Net Operating Income in the Planning Budget for May