88. mahlon interiors, inc. has annual sales of $50,000. the company has the following expenses: advertising…

88. mahlon interiors, inc. has annual sales of $50,000. the company has the following expenses: advertising expense - $3,000 insurance expense - $3,500 rent expense - $8,000 supplies expense - $2,000 utilities expense - $1,250

88. mahlon interiors, inc. has annual sales of $50,000. the company has the following expenses: advertising expense - $3,000 insurance expense - $3,500 rent expense - $8,000 supplies expense - $2,000 utilities expense - $1,250

Answer

Explanation:

Step1: Calculate total expenses

Add up all the expenses: $3000 + 3500+8000 + 2000+1250$ $3000+3500 = 6500$, $6500+8000=14500$, $14500 + 2000=16500$, $16500+1250 = 17750$

Step2: Calculate profit

Profit = Sales - Total Expenses. Sales = $50000$, Total Expenses = $17750$. So, $50000-17750=32250$

Answer:

$32250$