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Happy quit her part-time job as a nurse earning AUD 60,000 per year to start her own food kiosk business. To start the business Happy utilized AUD...
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Question

Happy quit her part-time job as a nurse earning AUD 60,000 per year

to start her own food kiosk business. To start the business Happy utilized AUD 50, 000 she was earning from her rental property. Also, Happy used AUD 50,000 she had saved in Commonwealth Bank earning 5% interest per year. Happy's first year business was summarized as follows:
 
 
Item     
Amount (AUD)
Total Revenue 
160,000
Labor cost
100,000
Cost of Materials
25,000
Equipment rental
30,000

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Subject: Business, Economics

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