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

question 251

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 the accounting profit for Laura's Pizza Place?

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

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Definitions:

Hypolimnion

The colder, bottom layer of water in a stratified lake, lying below the warmer epilimnion.

Overturn

To upset or reverse a decision, situation, or setup, often dramatically.

Profundal Zone

A deep zone of a body of water where sunlight does not reach, typically found in lakes and often lacking in photosynthetic life.

Lake

a large body of water surrounded by land, usually freshwater, and larger and deeper than a pond.