4
QuizMultiple Choice

Business Income Statements

Question 4 • TX-Money Matters A

At Sam’s Swimming Pool Cleaning, Sam charges each of his 85 customers $25 per week for 52 weeks of service every year. Since pool cleaning is a service, it has no cost other than labor and supplies, which cost Sam $48,000 each year. Calculate Sam’s annual net income.a.$2,125b.$4,420c.$62,500d.$110,500

Answer
A
A
B
B
C
C
D
D
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