a bussines had a revenue of $640,000.00 and operating expenses of $715,000.00 did the bussines incur a net loss o realize a net income
a bussines had a revenue of $640,000.00 and operating expenses of $715,000.00 did the bussines incur a net loss o realize a net income
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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a bussines had a revenue of $640,000.00 and operating expenses of $715,000.00 did the bussines incur a net loss o realize a net income
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Net income is the total amount of money your business earned in a period of time, minus all of its expenses, taxes and interest. It measures your company's profitability.Net income can be positive or negative. When your company has more revenues than expenses, you have a positive net income. If your total expenses are more than your revenues, you have a negative net income, also known as a net loss.
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