The following information concerning Harrys Hats applies to all six questions.

Harry's Hat Shop" is a store that sells baseball caps with sports team logos. "Harry's Hat Shop" pays its supplier (located in Korea) $5 per cap. The store sells the caps to retail customers in Toronto for $10 each. During the fiscal year 2014 Harry's Hat Shop sold the following:

Maple Leafs caps 30,000

Montreal Canadiens caps 25,000

Raptors caps 15,000

Blue Jays caps 15,000

Toronto FC caps 10,000

Argonaut caps 5,000

The store paid $2,500 per MONTH in rent, and $70,000 to the four part-time staff who work in the store. In addition Harrys Hats spent $25,000 per year in advertising and $15,000 on a booth and promotional activities at Torontos annual Fanpalooza sports memorabilia show. The business pays $20,000 per year to its part-time bookkeeper and accountant. All other expenses, which consisted of utilities, insurance, and day-to-day consumables and supplies, cost $40,000. There are no other revenues or expenses, and there is no other relevant financial information.

Calculate Harry's Hat Shop's operating profit for 2014.

Group of answer choices

$300,000

$200,000

$100,000

$0

The following information concerning Harrys Hats applies to all six questions.

Harry's Hat Shop" is a store that sells baseball caps with sports team logos. "Harry's Hat Shop" pays its supplier (located in Korea) $5 per cap. The store sells the caps to retail customers in Toronto for $10 each. During the fiscal year 2014 Harry's Hat Shop sold the following:

Maple Leafs caps 30,000

Montreal Canadiens caps 25,000

Raptors caps 15,000

Blue Jays caps 15,000

Toronto FC caps 10,000

Argonaut caps 5,000

The store paid $2,500 per MONTH in rent, and $70,000 to the four part-time staff who work in the store. In addition Harrys Hats spent $25,000 per year in advertising and $15,000 on a booth and promotional activities at Torontos annual Fanpalooza sports memorabilia show. The business pays $20,000 per year to its part-time bookkeeper and accountant. All other expenses, which consisted of utilities, insurance, and day-to-day consumables and supplies, cost $40,000. There are no other revenues or expenses, and there is no other relevant financial information.

Calculate Harry's Hat Shop's pre-tax profit.

Group of answer choices

$300,000

$200,000

$100,000

$0

We dont have enough information to calculate the pre-tax profit