A company reported monthly revenues of $ 315,000 and expenses of $ 100,000. What is the result of operations for the month? In order to calculate the operations for the month we must compute net income or net loss. Begin by determining the equation to compute net income or loss, then enter the amounts to solve for the operations for the month.

Question

Business

Alana Mcmillan

27 February, 10:55

A company reported monthly revenues of $ 315,000 and expenses of $ 100,000. What is the result of operations for the month? In order to calculate the operations for the month we must compute net income or net loss. Begin by determining the equation to compute net income or loss, then enter the amounts to solve for the operations for the month.

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Answers (1)

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Liliana Williams · Answer 1

The result of the operation of for the month is Net Income of $215,000.

Explanation:

Values Reported as follows

Revenues = $ 315,000

Expenses = $ 100,000

Equation to compute net income or loss:

In case if Total Revenue is higher than the Total Expenses the net result will be as Income and Total Expenses is higher than the Total Revenue the net result will be as Loss.

Net Income / Net Loss = Total Revenue - Total Expenses

Calculations:

Net Income / Net Loss = $315,000 - $100,000

Net Income = $215,000

So the result of the operation of for the month is Net Income of $215,000.