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Calculate the Total Comprehensive Income for the Year If Operating

question 45

Multiple Choice

Calculate the total comprehensive income for the year if operating profit is $456,000,the tax rate is 30%,finance charges are $88,200 and other comprehensive income for the year (net of tax) is $195,000.

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Definitions:

Numerical Coefficient

A number that multiplies a variable in an algebraic expression, giving the term its numerical value.

Like Terms

Terms in algebraic expressions that have the same variable parts and can be combined.

Collect Like Terms

The process in algebra of simplifying expressions by combining terms that have the same variables raised to the same power.

Simplify

To make something less complex or easier to understand, often by reducing it to its basic elements.

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