Dogs R' Us walked 11 dogs a week this past month. They charge $11 per walk. The company's only expenses incurred during the month were $180 wages, $26 for waste bags, and $18 to repair a broken leash. The wages and leash replacement were paid during the month, but the waste bags were not.
What is Dogs R' Us' net income or loss for the month? (Assume four weeks in the month.)
A) It is impossible to determine from the given information.
B) $103 net loss
C) $260 net income
D) $304 net income
C) $260 net income
Explanation: revenue (#dogs × $amount × 4 weeks) - expenses (wages, waste bags, leash repair). Ex: (11 × $11 × 4) - $180 - $26 - $18 = $260 net income.
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