This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Income StatementDaisy has a cupcake decorating supply shop, Daisy's Decorating Depot.Last year, the ... (Read 24 times)

parker123

  • Full Member
  • ***
  • Posts: 137
on: Nov 23, 2022
Income Statement

Daisy has a cupcake decorating supply shop, Daisy's Decorating Depot.
Last year, the shop earned $93,000 in total revenue and spent $25,500 on decorating supplies, $1210 on electricity and other operating costs, and rented her store front for $1800 a month. In addition, she paid a total of $1410 on corporate and income taxes.
Before opening the shop, Daisy worked full time (40 hours a week for 52 weeks a year) at a movie theatre that paid $13.00 an hour, but she quit to open the shop.

What was Daisy's accounting profit for last year? Economic profit? Please round your answer to two decimal places.
◦ $43,280.00, $16,240.00
◦ $93,000, $16,240.00
◦ 93,000, $65,960.00
◦ $43,280.00, $65,960.00
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by parker123 on Nov 23, 2022

ekattan2

  • Full Member
  • ***
  • Posts: 151
Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


parker123

  • Member
  • Posts: 137
Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review

nanny

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

The Abecedarian study was designed to help very low-income African American children prepare for ... The Abecedarian study was designed to help very low-income African American children prepare for ...
Simultaneous Determination of Income and Modernization Simultaneous Determination of Income and Modernization
How Health Interacts with Income How Health Interacts with Income
Relationship Between Income per Capita and Population Growth Relationship Between Income per Capita and Population Growth
Seven students have applied for merit scholarships. This year 3 merit scholarships were ... Seven students have applied for merit scholarships. This year 3 merit scholarships were ...
What single payment one year from now would be economically equivalent to payments of $1,000 ... What single payment one year from now would be economically equivalent to payments of $1,000 ...
Video: Protein Structure - Primary, Secondary, Tertiary and Quaternary

For a complete list of videos, visit our video library