Heidi Quit Her Job as a Chef Making $40,000 Per

question 354

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

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Definitions:

Technical Service

Professional services that provide specialized technical expertise or support to businesses or consumers.

Global Sourcing

Materials or services are purchased around the world for local use.

Wage Gaps

Disparities in earnings among workers, often differentiated by factors such as gender, race, or job type.

Skilled Labour

Workforce with specialized training, qualifications, or expertise required to perform certain tasks.