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During August, 2010, Joes Supply Store generated revenues of $30,000, the companys expenses were as follows: cost of goods sold of $12,000 and operating expenses
During August, 2010, Joes Supply Store generated revenues of $30,000, the companys expenses were as follows: cost of goods sold of $12,000 and operating expenses of $2,000, The company also had rent revenue of $500 and a gain on the sale of a delivery truck of $1,000, Joes gross profit for August, 2010 is
a.
$16,000
b.
$30,000.
c.
$18,000.
d.
$19,000.
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