Last year, Adventure Enterprises reported revenues of $24 million while its total expenses were $10 million. Based on this information, Adventure reported.
A. profits of $14 million.
B. profits of $34 million.
C. losses of $14 million.
D. losses off $34 million.
Answer: A. profits of $14 million.
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Based on the income statements of the three following retail businesses, which company has the highest operating leverage? AlphaCompanyBetaCompanyGammaCompanyRevenue $200,000 $200,000 $200,000 Variable costs (95,000) (155,000) (125,000) Contribution margin 105,000 45,000 75,000 Fixed costs (80,000) (20,000) (50,000) Net income $25,000 $25,000 $25,000
A. Gamma Company B. They all have same operating leverage C. Alpha Company D. Beta Company
When a deductive approach is used in a persuasive situation, chances of getting cooperation are maximum
Indicate whether the statement is true or false
Arthur had been adjudicated insane. During his period of insanity, Arthur sold some
unimproved real estate to Katrina for $5,000, its fair value. Katrina did not know that Arthur was insane. In fact, he acted perfectly normal in every way. Arthur spends this $5,000. Arthur's guardian learns of this transaction and sues to void the contract and recover the land. What results? A) Since Arthur received the fair value for his land, the contract cannot be voided. B) The guardian can get the land back, but since Arthur has spent the $5,000, Arthur does not need to give anything back to Katrina. C) The guardian can get the land back, but Arthur must pay Katrina the $5,000. D) Since Arthur was acting normally, and since Katrina did not know of his insanity, the contract is valid.
John is risk manager of Alpha-2-Omega Company. John wants coverage for "direct physical loss" ("open perils" coverage) under the business and personal property (BPP) coverage form. Which causes-of-loss form should he select?
A) special form B) basic form C) standard form D) broad form