SOLUTION: Instruction: Read and study the case of Me.castro, recently operates it's buy and sell business of an ornamental and aquatic fish. For the month of February 2021,he earned ₱150,0

Question 1178767: Instruction: Read and study the case of Me.castro, recently operates it's buy and sell business of an ornamental and aquatic fish. For the month of February 2021,he earned ₱150,000.00.As record, he spent a hundred thousand pesos(₱100,000.00)for his expenses.Mr. castro had doubts with the expenses recorded by his cashier:
Aircon Repair(mr.castro residence)-₱12,000.00
Mr.castro,life insurance-₱15,000.00
Rent expense-20,000.00
Utilities expense (mr.castro residence)-4,800.00
Utilities expense (A&Z Aquatic fishes)-5,200.00
Salaries expense-35,000.00
Representation (family dinner)- 8,000.00
Total. ₱100,000.00
Compute the following:
1.How much is the total expenses?
2.How much is the total income of Mr.castro for the month of February,2021?

Answer by ikleyn(52782)   (Show Source): You can put this solution on YOUR website!
.

(a)   To find total expenses, add the partial expences.

(b)   To find the income, subtract total expenses from the earned amount.

------------

It is strange to me to see that the person who studies Finance,

comes to the forum with such elementary questions . . .

This matter should be clear to him (or to her) from the very first days of studying,
otherwise this person spends his (or her, or their parents) money for nothing . . .

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