Question
Ink Inc. had the following business expenses (full expense inclusion below): Cost of sales $30,000 Meals and entertainment 5,000 Rent 18,000 Salary 30,000 Motor vehicle
Ink Inc. had the following business expenses (full expense inclusion below):
Cost of sales $30,000 Meals and entertainment 5,000 Rent 18,000 Salary 30,000 Motor vehicle (30% personal use) 5,000
If Mr. Ink correctly calculated net income as a $2,000 profit, what were his revenues?
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Strategic Market Management
Authors: David A. Aaker
5th Edition
0471177431, 9780471177432
