Net income is equal to the total revenue from selling an item minus the cost of producing the item. Determine the net income if the revenue from a business is $400,000 and the cost is $156,800. Use 4072-01-01-03-00_files/i0330000.jpg where I = net income, R = revenue, C = cost
a.

$243,000 is the net income
b.

$556,800 is the net income
c.

$243,200 is the net income
d.

$556,000 is the net income

@kelliegirl33

Question

Net income is equal to the total revenue from selling an item minus the cost of producing the item. Determine the net income if the revenue from a business is $400,000 and the cost is $156,800. Use 4072-01-01-03-00_files/i0330000.jpg where I = net income, R = revenue, C = cost
a.
	
$243,000 is the net income
b.
	
$556,800 is the net income
c.
	
$243,200 is the net income
d.
	
$556,000 is the net income

@kelliegirl33

anonymous · Answer

net income = revenue - cost of production
net income = 400,000 - 156,800
net income = 243,200