Pixar Animations is partnering with Sony to produce the next

Pixar Animations is partnering with Sony to produce the next blockbuster hit, \"Finding Dory\". Their revenues totaled $920,500 while its operating expenses equaled $296,900, interest of $77,200, and taxes expense of $47,000. What is the firm\'s net income (after taxes)?

Solution

Net income = Total revenue - (operating expanse + taxes expense + interest paid)

Net income will be

= $920500 - (296900 + 77200 + 47000)

= $499400

As it\'s not clear from the language of question, I\'m assuming that given interest is interest paid on operating expense

Total net income = $499400