Manisha Could Work for Another Firm Making $10,000 Per Month

question 68

Multiple Choice

Manisha could work for another firm making $10,000 per month, but she decides to open her own gourmet cheese store and pay herself $2,000 per month. In her first month of operations, she spends $6,000 on cheese, $1,000 on other items, and $2,500 on rent. She had a great opening month and brought in revenues of $14,500. According to her accountant, what are Manisha's profits?

• A)$3,000
• B)$4,000
• C)-$5,000
• D)-$6,000

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Definitions:

Triggering Event

A triggering event is a specific situation or occurrence that initiates a sequence of actions, often leading to a change or response in a system or process.

Personal Characteristics

Individual attributes or traits that define a person, such as personality, skills, and values.

Small Business Owner

A small business owner is an individual who owns and operates a business of limited size, scope, and revenue, typically defined by the number of employees or annual earnings.

Small Business Management

Refers to overseeing the operations, strategy, and financial health of a small, typically local, business.