Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Abram Inc. had total sales revenues was $ 4 5 8 , 0 0 0 and incurred total operating expenses was $ 3 1 7

Abram Inc. had total sales revenues was $458,000 and incurred total operating expenses was $317,000.Based on the information, how much was Net Income?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting Creating Value in a Dynamic Business Environment

Authors: Ronald Hilton, David Platt

12th edition

1259969517, 1260566390, 978-1260417043

More Books

Students also viewed these Accounting questions

Question

(2) What do they not do so well?

Answered: 1 week ago

Question

How does clustering in unsupervised learning help in data analysis?

Answered: 1 week ago