Calculating Total Cost
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Questions and Answers

According to the income approach, what is Jim's total cost?

  • $700.00
  • $1,100.00 (correct)
  • $1,000.00
  • $300.00

    • How much does Jim pay his workers in wages?

  • $1,000.00
  • $300.00
  • $700.00 (correct)
  • $1,100.00

    • How much does Jim sell worth of flowers?

  • $1,100.00 (correct)
  • $1,000.00
  • $700.00
  • $300.00

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