Curly's Cuts gave 410 haircuts this past month. They charge $15 per haircut. Expenses incurred during the month were $3,900 wages, $318 utilities/water, and $270 shampoo/styling products. $2,900 in wages were paid during the month, the rest of the wages—along with the utilities and shampoo/styling products were not paid during the month. What is Curly's net income or loss for the month?
A) Not enough information provided to calculate net income or loss
B) $1,662 net income
C) $2,250 net income
D) $3,250 net income
B) $1,662 net income
Explanation: revenue (#haircuts × $cost per cut) - expenses (wages, utilities, shampoo). Ex: (410 × $15) - $3,900 - $318 - $270 = $1,662 net income.
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