II. Computation. Compute for the Net Income
Given:
Farm Inputs – ₱2,500
Labor in Land Preparation - ₱10,500
Labor in Planting – ₱2,500
Labor in Plan Care - ₱2,500
Labor In Harvesting- ₱1,500
[tex] \\ [/tex]
Gross Income/Sales – ₱45,000
Given:
Farm Inputs – ₱2,500
Labor in Land Preparation - ₱10,500
Labor in Planting – ₱2,500
Labor in Plan Care - ₱2,500
Labor In Harvesting- ₱1,500
[tex] \\ [/tex]
Gross Income/Sales – ₱45,000
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Answer:
Farm Inputs – ₱2,500
Labor in Land Preparation - ₱10,500
Labor in Planting – ₱2,500
Labor in Plan Care - ₱2,500
Labor In Harvesting- ₱1,500
Gross Income/Sales – ₱45,000
TOTAL REVENUE = ₱19,500
₱45,000 - ₱19,500 = ₱15,500