In Conducting an Assessment of Her Accounting Firm, Paige Discovers

Multiple Choice

In conducting an assessment of her accounting firm, Paige discovers the following annual results: average charge per customer = $250; rent = $12,000; total billings = $150,000; employee compensation and benefits = $60,000; and other costs = $110,000. Given these results, Paige's profits would equal

A) a loss of $20,000.
B) a loss of $32,000.
C) $28,000.
D) $40,000.
E) $222,000.