What is the expected cash profit or loss given the following information: Expected merchandise sales (in cash)$125,000 Expected service sales (in cash)$80,000 Expected fixed cash expenses$75,000 Expected variable cash expenses$120,000
Fill in the blank(s) with the appropriate word(s).
$10000
$10,000
Income ? Expenses = Profit (Loss). 125,000 + 80,000 ? 75,000 ? 120,000 = 10,000 profit
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