An income statement is a financial document used to report a company’s financial performance of a certain period of time which takes into account the expenses incurred by the business, the revenue the company receives by selling the product, and the overall net profit the company ultimately achieves (Stone, 1959). In this question, I used an income statement to look at the net profit if Mark’s Hamburgers sold 240 burgers at $4.50 each, with a cost of $1.50 each. After taking the daily expense into account including the daily of $80.00 and the daily wages of $50.00, I found the net profit for Mark’s Hamburgers if 240 burgers are sold and produced will result a net daily income of $590.00. The question asks what the cost would be if 300 hamburgers
