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Author Question: Income StatementDaisy has a cupcake decorating supply shop, Daisy's Decorating Depot.Last year, the ... (Read 36 times)

parker123

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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
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Marked as best answer by parker123 on Nov 23, 2022

ekattan2

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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.
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parker123

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Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it

samiel-sayed

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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