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4 years ago

Fruit Tech has $530,000.00 in total sales and $460,000.00 in operating expenses. What is the company’s profit?

Business

2 answers:

Hunter-Best [27]4 years ago

6 0

$70,000.00, all you have to do is subtract $460,000.00 from $530,000.00

Yuri [45]4 years ago

3 0

Answer:$70,000.00

Explanation:

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Answer:

The correct option is a. 2017: $200,000 2018: $520,000 2019: $240,000.

Explanation:

The formula for cost to cost method is expected or actual cost incurred to date divided by the total cost of the project or contract.

Therefore, we have:

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Cost in 2018 contribution to total cost = Cost in 2018 / Total cost = $1,600,000 / $3,040,000 = 0.53

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Net income for year 2018 = Revenue in 2018 - Cost in 2018 = $2,120,000 - $1,600,000 = $520,000

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Therefore, the correct option is a. 2017: $200,000 2018: $520,000 2019: $240,000.

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