Ramos, Inc. has monthly revenues of $30,000 and monthly expenses of $18,000, and the company paid $4,000 in dividends. Therefore, net income for the month is $8,000.

Name: Ramos, Inc. has monthly revenues of $30,000 and monthly expenses of $18,000, and the company paid $4,000 in dividends. Therefore, net income for the month is $8,000.
Brand: Quizplus
Rating: 4.8 (49 reviews)

Question

Quizplus · Accepted Answer

Net income is calculated as revenues minus expenses, which is $30,000 - $18,000 = $12,000. Dividends do not affect net income calculation.