The total revenue of the month of June amounted to $6,500; total expenses amounted to $3,500; and withdrawals amounted to $600. The net income for the month amounted to

Name: The total revenue of the month of June amounted to $6,500; total expenses amounted to $3,500; and withdrawals amounted to $600. The net income for the month amounted to
Brand: Quizplus
Rating: 4.7 (50 reviews)

Question

Quizplus · Accepted Answer

Net income is calculated by subtracting total expenses and withdrawals from total revenue. So, $6,500 (revenue) - $3,500 (expenses) - $600 (withdrawals) = $2,400.

The Total Revenue of the Month of June Amounted to $6,500;