Determine the Net Income of a Company for Which the Following

question 34

Multiple Choice

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

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

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Definitions:

Lobbyists

Individuals or groups hired to influence legislation, regulation, or policy on behalf of a particular interest group or client, often by making direct contact with lawmakers or officials.

Government Officials

Individuals who hold positions of authority in government institutions and are responsible for implementing laws and policies.

Information

Data that has been organized or presented in a meaningful way to be useful to the recipient.

Going Public

A strategy utilized by the president or other high-profile officials to gain public support for policies by addressing the nation directly, often through the media.