Laura's Pizza Place Incurs $800,000 Per Year in Explicit Costs

question 48

Multiple Choice

Laura's Pizza Place incurs $800,000 per year in explicit costs and $100,000 in implicit costs.The restaurant earns $1.3 million in revenues.Based on this information,what is accounting profit for Laura's Pizza Place?

• A)$200,000
• B)$400,000
• C)$500,000
• D)$900,000

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Definitions:

MEO

Medium Earth Orbit, a type of orbit around Earth typically used for satellites that provides broader coverage than low Earth orbit.

GPS System

A global navigation satellite system that provides geolocation and time information to a GPS receiver anywhere on or near the Earth.

Australia

A country in the Southern Hemisphere, comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands, known for its unique biodiversity and vibrant culture.

China

A country located in East Asia, known for being the world's most populous nation and for its significant cultural and economic influence.