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

heres the revenue and expenses for the month. calculate whether mia had a profit or loss.\njanuary accounts\nrevenue\ndog food $3,500\ncat food $2,100\npet treats $1,200\npet supplies $2,750\ntotal $9,550\nfixed expenses\nrent $2,000\nsalaries $2,000\nutilities $1,000\nproduct stock $4,000\ntotal $9,000\nvariable expenses\nnewspaper ad $200\ntotal $200\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.\njanuary accounts\nrevenue\ndog food $3,500\ncat food $2,100\npet treats $1,200\npet supplies $2,750\ntotal $9,550\nfixed expenses\nrent $2,000\nsalaries $2,000\nutilities $1,000\nproduct stock $4,000\ntotal $9,000\nvariable expenses\nnewspaper ad $200\ntotal $200\nenter mias total profit/loss for the month in the box below, then click submit.

Answer

Explanation:

Step1: Calculate total expenses

Add fixed and variable expenses. Total expenses = Fixed expenses + Variable expenses = $9000 + 200=$9200$.

Step2: Calculate profit or loss

Profit/Loss = Revenue - Total expenses. Revenue is $9550$. So, $9550 - 9200=$350$.

Answer:

$350$