Question

Charlie's Chocolates' owner made investments of $60,000 and withdrawals of $25,000. The company has revenues of $93,000 and expenses of $69,000. Calculate its net income.

Answer 1

net income = $24000

Step-by-step explanation:

given data

investments = $60,000

withdrawals = $25,000

revenues = $93,000

expenses = $69,000

solution

we get here net income that is express as

net income = revenue - Expenses ................1

put here value we get

net income = $93,000 - $69,000

net income = $24000