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The income statement of Trixle Motors Inc. is given to you. What is the net profit for the given period? A.
$1,600,000
B.
$ 43,500
C.
$1,665,600
D.
$1,556,500

The income statement of Trixle Motors Inc is given to you What is the net profit for the given period A 1600000 B 43500 C 1665600 D 1556500 class=

Respuesta :

Answer:

D.$1,556,500

Explanation:

Net profit is calculated by subtracting total expenses from total revenue.

In the case, total revenue is equal to sales revenue + interest revenue

=1,580,000 + 20,000

=1,600,000

Total expenses will be salaries + Rent + advertisement + repair

=26,000 + 6,000 + 7,000 +4500

=43,500

net profit = 1,600,000 - 43,500

net profit =1,556,500

Answer:

D.  

$1,556,500

Explanation: