Reference no: EM132530689

Richard owns a coffee bean shop that sells gourmet coffee and chocolates. Prepare both weekly and monthly profit formulas so that Richard has a good idea about his current profit situation.

Week1: Revenue $1535.34; Expenses $1,258.75; Profit / Loss = _________

Week 2: Revenue $2,276.45; Expenses $1,687.54; Profit/Loss = _________

Week 3: Revenue $4,678.91; Expenses $2,563.87; Profit/Loss = ________

Week 4: Revenue $1,975.23; Expenses $1,478.95; Profit/Loss = _________

Question 1: What is the Month's Total Revenue? _______________

Question 2: What is the Month's Total Expenses? _______________

Question 3: What is the Month's Profit/Loss? __________________

Question 4: Did Richard exceed his Profit goal of $1000 for the month?