Della's Donuts owner made investments of $50,000 and withdrawals of $20,000. The company has revenues of $83,000 and expenses of $64,000. Calculate its net income.

A) $30,000.
B) $83,000.
C) $64,000.
D) $19,000.
E) $49,000.

Question

Sunil Jogpal · Accepted Answer

Final Answer : D, Explanation :  Net income is calculated by subtracting expenses from revenues.Net income = revenues - expensesNet income = $83,000 - $64,000Net income = $19,000Investments and withdrawals are not factored into the calculation of net income. Therefore, the correct answer is D, $19,000.

Della's Donuts owner made investments of $50,000 and withdrawals of $20,000. The company has revenues of $83,000 and expenses of $64,000. Calculate its net income.

A) $30,000.
B) $83,000.
C) $64,000.
D) $19,000.
E) $49,000.

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Della's Donuts owner made investments of $50,000 and withdrawals of $20,000. The company has revenues of $83,000 and expenses of $64,000. Calculate its net income.A) $30,000.B) $83,000.C) $64,000.D) $19,000.E) $49,000.

Definitions

Learning Objectives

Learning Objectives

Related questions

Della's Donuts owner made investments of $50,000 and withdrawals of $20,000. The company has revenues of $83,000 and expenses of $64,000. Calculate its net income.

A) $30,000.
B) $83,000.
C) $64,000.
D) $19,000.
E) $49,000.