Homework Answers
Here the answer to the above question is (D) $385
Let us see below how we have calculated it -
Revenue from Sales(A) - $3,900
Less:Purchases(B) - $2,100
Gross Profit(C=A-B) - $1,800
Less: Salaries(D) - $450
Less: Rent (E) - $700
Less: Utilities (F) - $230
Less: Depreciation (G) - $35
Net Income (C - (D+E+F+G)) - $385
So therefore we have obtained Net Income for month of September as $385.
Hope it is clear. Kindly comment in case of any concerns.
Thank You
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