Can you solve this financial accounting question with the appropriate financial analysis techniques? Harper's Digital Studio earned $420,000 in service revenue. Her totalexpenses are 40% of the revenue.What is her net income?a. $252,000b. $178,000c. $168,000d. $185,000

Step 1: Definition of Net Income Net income, often referred to as the bottom line, is the amount of…

Answered: Harper's Digital Studio earned $420,000…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter16: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 29E

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Harper's Digital Studio earned $420,000 in service revenue. Her total expenses are 40% of the revenue. What is her net income? a. $252,000 b. $178,000 c. $168,000 d. $185,000