Question

Cheyane owns a small restaurant across from her college campus. Last month, the restaurant's receipts were $4,000, and she had $3,200 in exper

In Cheyane's case, what is the difference between receipts and expenses called?
O
A.
B.
C.
gross profit
net loss
net profit
D. dividends

Answer 1

The difference between receipts and expenses is called net profit. In this case, Cheyane's net profit would be $800.

Step-by-step explanation:

The difference between receipts and expenses in Cheyane's case is referred to as net profit. Net profit is calculated by subtracting the total expenses from the total receipts. In this case, Cheyane's net profit would be $4,000 (receipts) - $3,200 (expenses) = $800.

Learn more about Net profit