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1. Charlie's Chocolates' stockholders made investments of $58,000 and received dividends of $24,000. The company has...

1. Charlie's Chocolates' stockholders made investments of $58,000 and received dividends of $24,000. The company has revenues of $91,000 and expenses of $68,000. Calculate its net income.

2. Charlie’s Chocolates’ stockholders made investments of $50,000 and received dividends of $20,000. The company has revenues of $83,000 and expenses of $64,000. Calculate its net income.

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Answer #1

Net income = revenue – Expenses

                       = 91000 – 68000

                         = 23000

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Net income = 83000 – 64000

                       = 19000

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Hope that helps.

Feel free to comment if you need further assistance J

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