Farrah Fairway started up a new business selling Titanium putters over the Internet. She began by buying

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Farrah Fairway started up a new business selling Titanium putters over the Internet. She began by buying 45 putters for $22 each. During October—her fi rst month of operations—she sold 28 putters for

$42 each. Her only other expense for the month was advertising expense: $210. What was Farrah’s net income (or loss) in her fi rst month of operations?

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Small Business Accounting

ISBN: 9780470198636

1st Edition

Authors: Lita Epstein, Susan Myers

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