One Stop Grooming provides grooming services for pets In April
One Stop Grooming provides grooming services for pets. In April, the company earned
$16,000 in revenues and incurred the following operating costs to groom 600 dogs:
Wages Expense............ $ 3,900
Grooming Supplies Expense....... 1,730
Building Rent Expense........ 1,000
Utilities Expense............ 285
Depreciation Expense Equipment.... 105
Requirements
1. What is One Stop’s net income for April?
2. What is the cost of service to groom one dog?
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