Final answer:
To calculate the painters' equipment's share of AMC Supplies' net income, divide the revenue of painters' equipment by the total revenue and multiply it by the net income of AMC Supplies. The painters' equipment's share is $76,000.
Step-by-step explanation:
To determine the painters' equipment's share of AMC Supplies' net income, we need to calculate the net income of painters' equipment. We can do this by multiplying the net income of AMC Supplies by the share of painters' equipment in the overall revenue. Let's say the revenue of painters' equipment is $100,000 and the revenue of AMC Supplies is $500,000. We can calculate the painters' equipment's share by dividing the revenue of painters' equipment by the total revenue, and then multiplying it by the net income of AMC Supplies.
Painters' equipment's share of AMC Supplies' net income = (Revenue of painters' equipment / Total revenue) x Net income of AMC Supplies.
Substituting the values, we have: Painters' equipment's share of AMC Supplies' net income = ($100,000 / $500,000) x $380,000 = $76,000.