Question: Fido Grooming provides grooming services for pets In April the

Fido Grooming provides grooming services for pets. In April, the company earned $ 16,300 in revenues and incurred the following operating costs to groom 650 dogs:
Wages .................. $ 3,900
Grooming Supplies Expense ......... 1,625
Building Rent Expense ........... 1,300
Utilities Expense ............... 325
Depreciation Expense—Equipment ...... 130

Requirements
1. What is Fido’s net income for April?
2. What is the cost of service to groom one dog?


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  • CreatedJanuary 16, 2015
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