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Author Question: Lauren runs a chili restaurant in San Francisco. Her total revenue last year equaled $111,000. The ... (Read 64 times)

rosent76

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Lauren runs a chili restaurant in San Francisco. Her total revenue last year equaled $111,000. The rent on her restaurant totaled $48,000. Her labor costs totaled $43,000. Her materials, food and other variable costs totaled $19,000. To Lauren's accountant, Lauren
◦ incurred a loss of $1,000.
◦ earned a profit of $1,000.
◦ incurred a loss of $111,000.
◦ earned a profit of $111,000.
◦ had a total cost equal to $91,000.


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Marked as best answer by rosent76 on May 24, 2019

bitingbit

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