What is the company's net income for the quarter?
A) $284,250.
B) $835,500.
C) $1,197,000.
D) $1,323,000.

Name: What is the company's net income for the quarter? A) $284,250. B) $835,500. C) $1,197,000. D) $1,323,000.
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Question

Quizplus · Accepted Answer

Net income is calculated by subtracting expenses from revenue. In this case, the company's revenue is $1,611,250 and its expenses are $316,250. Therefore, the company's net income is $1,611,250 - $316,250 = $1,295,000.

What Is the Company's Net Income for the Quarter