Question: Betsy started Betsys Flag Co. on September 1. During September, Betsy consumed the following resources: Rent ............$ 625 Utilities ........... 250 Supplies ..........3,000 Repairs ............1,500

Betsy started Betsy’s Flag Co. on September 1. During September, Betsy consumed the following resources:

Rent ............$ 625

Utilities ........... 250

Supplies ..........3,000

Repairs ............1,500

Fabric ...........8,750

Wages ..........2,500

Business license ...... 500

Betsy created resources by selling flags for $22,000 during the month of September.


Required

Determine the profit earned by Betsy during September.


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