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Clara's Consulting Services earned P350,000 in rendering services. Her total expenses are 45% of the revenue. What is her net income? a. P192,500 b. P157,500 c. P192,000 d. P175.000

Clara's Consulting Services earned P350,000 in rendering services. Her total expenses are 45% of the revenue. What is her net income? a. P192,500 b. P157,500 c. P192,000 d. P175.000

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter2: T Accounts, Debits And Credits, Trial Balance, And Financial Statements
Section: Chapter Questions
Problem 6QY: What would be the net income for Floress Catering? a. 45,500 b. 16,800 c. 19,800 d. 10,800
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Clara's Consulting Services earned P350,000 in rendering services. Her total expenses are 45% of the revenue. What is her net income? a. P192,500 b. P157,500 c. P192,000 d. P175.000
Transcribed Image Text:Clara's Consulting Services earned P350,000 in rendering services. Her total expenses are 45% of the revenue. What is her net income? a. P192,500 b. P157,500 c. P192,000 d. P175.000
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