Determine the net income of a company for which the following information is available for the month of September. Service revenue$ 330,000 Rent expense63,000 Utilities expense4,700 Salaries expense96,000

Respuesta :

The net income of the company available for the month of September is $166,300.    

What do you about net income?

Net income refers to the quantity of accounting income an organization has left over after paying off all its expenses. Net income is observed via way of means of taking income sales and subtracting COGS, SG&A, depreciation, amortization, hobby expense, taxes, and every other expense.

Calculation of Net income:

Service revenue                  $330,000

Less: Rent expense               $63,000

     Utilities expense                 $4,700

     Salaries expense              $96,000

Net Income                             $166,300        

Therefore, The net income of the company available for the month of September is $166,300.    

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