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 82 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
Great answer, keep it coming :)

amandalm

  • Member
  • Posts: 306
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Astronomers identified 12-billion-year-old white dwarf stars only 100 light years away from Earth Astronomers identified 12-billion-year-old white dwarf stars only 100 light years away from Earth
A 100-Year Flood Map of Montpelier, Vermont A 100-Year Flood Map of Montpelier, Vermont
U.S. Life Expectancy by Year of Birth U.S. Life Expectancy by Year of Birth
Hospitalization per year Hospitalization per year
Chelsea Donahue has a​ 20-year home mortgage of ​78,000 at​ 7.50% interest and will pay ... Chelsea Donahue has a​ 20-year home mortgage of ​78,000 at​ 7.50% interest and will pay ...
Find the proceeds of the following promissory note. A five-year, $4500.00 note bearing interest ... Find the proceeds of the following promissory note. A five-year, $4500.00 note bearing interest ...
Video: Double Vacuum Process (Illustration No Audio)

For a complete list of videos, visit our video library