Refer to the information above. Net income for the period equals:
A) $18,375.
B) $11,000.
C) $5,800.
D) $11,250.

Question

Quizplus · Accepted Answer

Net income can be calculated by subtracting total expenses from total revenues. Therefore, net income for the period would be $30,000 – $19,000 = $11,000. Option A is incorrect because it adds total expenses to net income instead of subtracting them. Option C is incorrect because it divides net income by the number of employees, which is not relevant to the question. Option D is incorrect because it multiplies total revenues by the profit margin, which is not given in the information provided.

Refer to the Information Above