What is the amount of net income earned during the month

Assignment Help Financial Management

Reference no: EM132055398

Cassell Company accepted credit cards in payment for $7,850 of services performed during March 2014. The credit card company charged Cassell a 3.05 percent service fee. The credit card company paid Cassell as soon as it received the invoices. Cost of goods sold amounted to $4,300.

Required

Based on this information alone, what is the amount of net income earned during the month of March? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Net Income = ?

Reference no: EM132055398

Questions Cloud

What dilemma does the sales representative face : What dilemma does the sales representative face? Evaluate the choices, i.e. who benefits or who is hurt by the choice(s)

Molecules of pyruvic acid entered the intermediate stage : How many ATP, NADH,FADH2 and CO2 are produced from the intermidiate stage knowing 10 molecules of pyruvic acid entered the intermediate stage.

What is the project year four cash flow : Revenues and other operating costs are expected to be constant over the project's 10-year expected operating life. What is the project's Year 4 cash flow?

Should the us enact a carbon cap : Should the US enact a carbon cap and trade policy after considering it possible effects on the economy?

What is the amount of net income earned during the month : Based on this information alone, what is the amount of net income earned during the month of March?

Contract vaginal infections than are three-year-olds : Why are newborn girls less likely to contract vaginal infections than are three-year-olds?

Antibacterial drugs over an extended time : Why does use of antibacterial drugs over an extended time increase the likelihood of oral candidiasis (thrush) and so-called C. diff. diarrhea?

Best illustrates the problem imposed by capital rationing : Which of the following best illustrates the problem imposed by capital rationing?

Why must diphtheria immunization be boosted every 10 years : Why must diphtheria immunization be boosted every 10 years?

User Account

All Pages