Audrey and Rusty run a bed and breakfast. Last month they collected $44,640 from

Question

Audrey and Rusty run a bed and breakfast. Last month they collected $44,640 from guests who stayed at their inn. Since guests take no Goods with them the cost of goods sold is $0.00. Their operating expenses were $2976 for the room maids and cleaning crew, $2,976 for the kitchen staff, $7,440 for the desk/office staff, $3,100 for food supplies used in preparing breakfast, $500 for cleaning and room supplies, $924 for utilities, $100 for insurance, and $1,200 for advertising. what is Audrey and Rusty's net income?

Explanation / Answer

$ $ Revenue 44640 Opearating Expenses: Cleaning and maid expenses 2976 Kitchen sataff expenses 2976 Office expenses 7440 Expenses for breakfast 3100 Cleaning and room supplied expenses 500 Utilities 924 Insurance 100 Advertising 1200 19216 Net Income 25424

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