Jamie Bard is the owner Café Corner,
a popular restaurant located at a busy traffic intersection in the
city of Clutchmore.
For the financial year ended 30 June 2020:
Café Corner earned a profit after income tax of $16,000. This
was after taking into account sales of $821,000 and cost of sales
of $623,000.
Other operating expenses incurred to operate the business
totalled $179,000. This figure included:
depreciation expenses, and
interest expenses of $11,000 which were fully paid.
There were...