Question

Rescooperate Ice Cream Shop recently analyzed their books. They found that in the past year, they made $100,000 selling ice cream and spent $75,000 on supplies and factory space. The remaining $25,000 represents -profit. -loss. -revenue. -expense.

Answer 1

Answer:

The correct option is a. profit

Explanation:

In the question, it is given that the company has made sales of $100,000 and spend $75,000 for supplies and factory space which is an expense for a company.

So,

It is a profit of $25,000 because profit equals to

= Sales revenue - expenses

= $100,000 - $25,000

The amount is coming in positive so it not a loss and sales and expenses are given in the question, so the remaining option which is left is profit.

Thus, the remaining $25,000 represents profit

Hence, the correct option is a. profit

Answer 2

The remaining $25,000 represents profit.

What is profit?

Profit refers to the excess of total revenue over total cost during a specific period of time.

From the question, we were told that the company has made sales of $100,000 and spend $75,000 for supplies and factory space which is an expense for a company.

The above is a profit of $25,000 because profit equals to

= Sales revenue - expenses

= $100,000 - $75,000

= $25,000

It therefore means that the remaining $25,000 represents profit.

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