heres the revenue and expenses for the month. calculate whether mia had a profit or loss.\nmay…

heres the revenue and expenses for the month. calculate whether mia had a profit or loss.\nmay accounts\nrevenue\ndog food $3,650\ncat food $2,850\npet treats $1,650\npet supplies $1,800\ntotal $9,950\nfixed expenses\nrent $2,000\nsalaries $2,000\nutilities $1,000\nproduct stock $4,000\ntotal $9,000\nvariable expenses\ncard purchase $300\ntotal $300\nenter mias total profit/loss for the month in the box below, then click submit.

heres the revenue and expenses for the month. calculate whether mia had a profit or loss.\nmay accounts\nrevenue\ndog food $3,650\ncat food $2,850\npet treats $1,650\npet supplies $1,800\ntotal $9,950\nfixed expenses\nrent $2,000\nsalaries $2,000\nutilities $1,000\nproduct stock $4,000\ntotal $9,000\nvariable expenses\ncard purchase $300\ntotal $300\nenter mias total profit/loss for the month in the box below, then click submit.

Answer

Explanation:

Step1: Calculate total expenses

Total expenses = Fixed expenses + Variable expenses. Fixed expenses are $9000$ and variable expenses are $300$, so total expenses = $9000 + 300=9300$.

Step2: Calculate profit or loss

Profit/Loss = Revenue - Total expenses. Revenue is $9950$ and total expenses are $9300$. So, Profit/Loss = $9950-9300 = 650$.

Answer:

$650$