Ask Question
15 October, 13:24

Consider the overall effects on Ready Maid Cleaning Service from selling and performing services on account for $ 6,520 and paying expenses totaling $ 3,870.

What is Ready Maid Cleaning Service's net income or net loss?

+2
Answers (1)
  1. 15 October, 13:44
    0
    Ready Maid Cleaning Service's net income $ 2,380.

    Explanation:

    This problem requires us to calculate the net profit or loss. The revenue and expenses are given in the question. The profit/loss is difference between revenue and expense. Profit/loss is calculated below.

    Profit / (loss) = Revenue - expense = 6,520 - 3,870 = $ 2,380
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Consider the overall effects on Ready Maid Cleaning Service from selling and performing services on account for $ 6,520 and paying expenses ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers