The Results of the Transformation Process Betsy started Betsy’s Flag Co. on September 1. During September, Betsy consumed the following resources:
|
Rent |
$625 |
Utilities |
250 |
|
Supplies |
3,000 |
Repairs |
1,500 |
|
Fabric |
8,750 |
Wages |
2,500 |
|
Business license |
500 |
Betsy created resources by selling flags for $22,000 during the month of September.
Required
Determine the profit earned by Betsy during September.