BADM 700 Chapter 1.docx - Calculate Net Income Ted's Typing Service generated $4,000 in revenue in the month of January Salaries were $1,500 for the

BADM 700 Chapter 1.docx - Calculate Net Income Ted's Typing...

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Calculate Net IncomeTed's Typing Service generated $4,000 in revenue in the month of January. Salaries were $1,500 for themonth, and supplies used were $200. Additionally, Ted's incurred $50 for advertising during the month.Required:Calculate Ted's net income for the month of January.$ Brief Exercise 1-3

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