Gross sales: $36,000$

Labor costs $$16000$

Ingredients cost $$9000$

Other disbursements $$4200$

Franchise fee $1800$

Credit card processing fee $$701$

Net operating cash inflow: $4299$

What is the net operating income income for May? $($Hint: Adjust May$$s net operating cash inflow $($outflow$)$ to account for the monthly depreciation expense. As a reminder, the company depreciates $$105,000$ of noncurrent assets over five years with no salvage value.$)$

The answer is not $$1750$ or $$2250,$ or $-$$$1750.$

Answer rating: 100% (QA)

To calculate the net operating income for May we ne... View the full answer