Refer to Scenario 7.6. Your annual operating profit is

A) -$10,000.
B) $40,000.
C) $70,000.
D) $80,000.

Question

Refer to Scenario 7.6. Your annual operating profit isA)  -$10,000.B)  $40,000.C)  $70,000.D)  $80,000.

Ashly Jimenez Rivas · Accepted Answer

Final Answer : B, Explanation :  Operating profit is calculated by subtracting the operating expenses from the total revenue. In this scenario, the total revenue is $120,000, and the operating expenses include rent and supplies ($50,000) and the assistant's salary ($30,000), totaling $80,000. Subtracting $80,000 from $120,000 gives an operating profit of $40,000.

Refer to Scenario 7.6. Your annual operating profit is

A) -$10,000.
B) $40,000.
C) $70,000.
D) $80,000.

Definitions

Learning Objectives

Learning Objectives

Related questions