Amanda runs a consultancy firm. For a given year, her income from services was $30,700. Direct expenses incurred by her for the
2 answers:
Answer: Option 'C' is correct.
Step-by-step explanation:
Since we have given that
Total income from services = $30,700
Direct expenses incurred by her = $10,500
Operating expenses incurred by her = $500
We need to find the net profit.
Since we know that direct expenses and operating expenses are the expenditures which should be deducted from her income.
So, Net profit = Income - Direct Expenses - Operating Expenses
Hence, Option 'C' is correct.
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