Until recently you worked as an accountant, earning $30,000 annually. Then you i

Question

Until recently you worked as an accountant, earning $30,000 annually. Then you inherited a piece of commercial real estate bringing in $12,000 in rent annually. You decided to leave your job and operate a video rental store in the office space you inherited. At the end of the first year, your books showed total revenues of $60,000 and total costs of $30,000 for video purchases, utilities, taxes, and supplies. What is the total cost of operating the video store? A. $60,000 B. $42,000 C. $30,000 D. none of the above

Explanation / Answer

Hi, If you like my answer, please rate my answer first and according to my answer...that way only I can earn points. Thanks Operating income = $60000 - $30000 - $12000 = $18000 So, answer is none of the above

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