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Jackie Is the Owner of a Furniture Store

Question 39

Multiple Choice

Jackie is the owner of a furniture store.Last year,her total revenue was $525,000 and her total labor costs were $200,000.Her overhead expenses,including insurance and legal fees,were $175,000.The rent on the building was $45,000.Jackie could earn $105,000 per year working at a nearby furniture distributor.From this information,we know that her accounting profit was


A) $525,000.
B) $375,000.
C) $150,000.
D) $175,000.
E) $105,000.

Correct Answer:

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