Determine the Net Income of a Company for Which of the Following

question 187

Multiple Choice

Determine the net income of a company for which of the following information is available for the month of September. $$\begin{array} { | l | r |} \hline \text { Service revenue } & \$ 300,000 \\\hline \text { Rent expense } & 48,000 \\\hline \text { Utilities expense } & 3,200 \\\hline \text { Salaries expense } & 81,000 \\\hline\end{array}$$

• A)$263,800.
• B)$432,200.
• C)$171,000.
• D)$167,800.
• E)$252,000.

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Definitions:

Thyroid Gland

A butterfly-shaped gland located in the front part of the neck, responsible for producing hormones that regulate metabolism and energy generation.

Anterior Pituitary Gland

The front portion of the pituitary gland, which produces and releases hormones that regulate diverse body functions, including growth and reproduction.

Pars Nervosa

The posterior part of the pituitary gland, which releases hormones stored in axon terminals from the hypothalamus.

Electrolyte Concentrations

The measure of the levels of electrolytes, such as sodium, potassium, and chloride, in the body, critical for maintaining proper fluid balance and muscle function.