Multiple Choice
Heidi quit her job as a chef making $40,000 per year to start her own restaurant. The first year, Heidi's restaurant earned $100,000 in revenue. Heidi pays $50,000 per year in wages to the waitresses and hostess and $20,000 per year to buy food. What is Heidi's profit as measured by an accountant for the year?
A) $80,000
B) $50,000
C) $30,000
D) -$10,000
Correct Answer:

Verified
Correct Answer:
Verified
Q349: Which of the following is TRUE?<br>A) Technological
Q350: Which market type has characteristics as follows:
Q351: What is the major advantage of the
Q352: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The above table
Q353: The accountant for Muzhi's Sushi claims that
Q355: A chief reason firms give employees bonuses
Q356: Lucinda starts a business consulting company. She
Q357: Team production is a production process in
Q358: Firms organize production by using a mix
Q359: What would be an example of economies