Determine the Net Income of a Company for Which the Following

question 254

Multiple Choice

Determine the net income of a company for which the following information is available for the month of July. $$\begin{array} { l r } \text { Employee salaries expense } & \$ 180,000 \\\text { Interest expense } & 10,000 \\\text { Rent expense } & 20,000 \\\text { Consulting revenue } & 400,000\end{array}$$

• A) $400,000.
• B) $230,000.
• C) $210,000.
• D) $610,000.
• E) $190,000.

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Definitions:

Efficient Energy Usage

The practice of utilizing energy resources in a way that maximizes output while minimizing waste and costs.

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The process of producing electric power from sources of primary energy, such as coal, nuclear, wind, or solar.

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Issues or difficulties related to the economic system of a country or the global economy that affect financial stability, growth, and prosperity.

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The benchmarks or norms established by wealthy countries for quality of life, economic performance, and governance.