Final answer:
The correct numerical representation of Jeri's company's profit is C. $228,000. This figure is indicative of the surplus after subtracting explicit costs from total revenues, consistent with standard accounting practices.
Step-by-step explanation:
The question posed deals with understanding what numeric value correctly represents the profit reported by a company. In the scenario provided, Jeri's company reported a profit of $228,000 this year. When dealing with profit, especially in the context of financial statements and accounting, the value is typically represented as a positive number if it is indeed a profit and not a loss. Consequently, the correct numerical representation of her company's profit from the options given would be a positive $228,000.
To better explain this concept, consider the basic calculation of accounting profit, which is the total revenues minus explicit costs. If a firm has sales revenue and spends a certain amount on various explicit costs like labor, capital, and materials, the remaining amount would be their accounting profit. So, if a firm had sales revenue of $1 million and explicit costs totalling $950,000, its accounting profit would be $50,000. In the context of this question, the correct option representing Jeri's company's profit is C. $228,000. This is a direct application of accounting principles, where the profit figure is reported as a positive number reflecting the surplus after all costs have been deducted from the total revenue.