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dusya [7]
3 years ago
15

In 2016, the TransUnion Company had consulting revenues of $1,000,000 while costs were $750,000. In 2017, TransUnion will be int

roducing a new service that will generate $150,000 in sales revenues and $60,000 in costs. Assuming no changes are expected for the other services, operating profits are expected to increase between 2016 and 2017 by _______
Business
1 answer:
Bezzdna [24]3 years ago
7 0

Answer:

$90,000

Explanation:

In this question, we compare the net income and the difference should be reported

In the first case, the net income is

= Revenue - expense

= $1,000,000 - $750,000

= $250,000

In the first case, the net income is

= Revenue - expense

where,

Revenue is = $1,000,000 + $150,000 = $1,150,000

And, the expenses is $750,000 + $60,000 = $810,000

= $1,150,000 - $810,000

= $340,000

So, the net profit is increased by

= $340,000 - $250,000

= $90,000

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Answer: Incomplete question.

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Explanation:

1. Tells whether a company can pay all its current liabilities if they become due immediately - Quick Ratio

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