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Compute the total revenue operating cost and the net profit before taxes for jaun a self employed house painter for July

Compute the total revenue operating cost and the net profit before taxes for jaun-example-1

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Answer:

Total revenue is $34,000

Total Operating Cost is $12,984

Net Profit before taxes is $21,016

Step-by-step explanation:

Computing the total revenue as:

Total revenue = House Painting + Water Blasting

= $12,000.00 + $22,000.00

= $34,000.00

Computing the aggregate operating cost as:

Total Operating Cost = Advertising expense + Utilities expense + Automotive expense + Payroll expense + Salary expense + Rent expense + Supplies expense + Miscellaneous expense

= $2,400.00 + $420.00 + $500.00 + $3,450.00 + $5,000.00 + $750.00 + $124.00 + $340.00

= $12,984.00

Computing the Net Profit before taxes as:

Net Profit before taxes = Total Revenue - Total Operating expense

= $34,000.00 - $12,984.00

= $21,016.00

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