Question

The total revenue of the month of June amounted to $6,500; total expenses amounted to $3,500; and withdrawals amounted to $600. The net income for the month amounted to $6,000. $2,400. $3,000. $3,500.

Answer 1

And your answer is?

Answer 2

6,000

Answer 3

[AI-generated answer — Explain Bot]

To find the net income, we need to subtract the total expenses and withdrawals from the total revenue.

Total revenue - (Total expenses + Withdrawals) = Net income

From the given information:
Total revenue = $6,500
Total expenses = $3,500
Withdrawals = $600

Plugging these values into the equation, we get:

$6,500 - ($3,500 + $600) = Net income

$6,500 - $4,100 = Net income

Net income = $2,400

Therefore, the net income for the month is $2,400.