Question

calculate the missing amounts: 1. Revenues $560; Expenses $300; Net income_ 2. Net income $700; Expenses $485; Revenues__ 3. Expenses $600; Revenues $940; Net income___4. Revenues $1240; Net income $670; Expense___ 5 Net income $6450; Expenses $3500; Revenues__

Answer 1

1.

Revenues = $560

Expenses = $300

Net income = Revenues- Expenses

= 560-300

= $260

2.

Net income = $700

Expenses = $485

Revenues = ?

Net income = Revenues- Expenses

700 = Revenues-485

Revenues = $1,185

3.

Revenues = $940

Expenses = $600

Net income = Revenues- Expenses

= 940-600

= $340

4.

Net income = $670

Expenses = ?

Revenues = $1,240

Net income = Revenues- Expenses

670 = 1,240-Expenses

Expenses = $570

5.

Net income = $6,450

Expenses = $3,500

Revenues = ?

Net income = Revenues- Expenses

6,450 = Revenues-3,500

Revenues = $9,950

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