For the previous year, Marilyn's Italian Restaurant had a total of $320,000 in expenses and $295,000 in revenues. Marilyn's
A. had a net income of $325,000 for the year.
B. had a net loss of $25,000 for the year.
C. lost $25,000 in revenues.
D. acquired an additional $295,000 in assets.
E. increased its stockholders' equity by $25,000.
Answer: B
You might also like to view...
The sociocultural dimension of project management includes managing relationships, motivating team members and negotiating project terms.
Answer the following statement true (T) or false (F)
Which viewpoint defines authentic leadership as a reciprocal process?
A. intrapersonal B. interpersonal C. developmental D. fundamental
To compute the standard direct labor hours allowed, multiply the unit labor standard by the standard output
Indicate whether the statement is true or false
Define the terms “policy,” “objective,” and “goal.”
What will be an ideal response?