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17 January, 20:25

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?

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  1. 17 January, 21:32
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    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
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Home » Business » 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?
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