1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
choli [55]
3 years ago
10

g Last year, Adventure Enterprises reported revenues of $24 million while its total expenses were $10 million. Based on this inf

ormation, Adventure reported:
Business
1 answer:
marysya [2.9K]3 years ago
6 0

Answer:

The answer is ' a profit of $14 million

Explanation:

Revenue = $24 million

Total expenses = $10 million

Profit(loss) = Revenue minus total expenses

$24 million - $10 million

Profit = $14 million.

It is a profit because revenue is greater than total expenses. Adventure Enterprises will report a loss if reported total expenses was greater than reported revenue

You might be interested in
How much money does the founder of Google make a year?
ElenaW [278]
There are actually two makers, and they both agreed to a one dollar salary a year.
8 0
3 years ago
Consider the case of long-distance telephone service. In country X, there are 20 providers of long-distance telephone service in
Furkat [3]

Answer:

Country X will have higher growth potential than country Y.

8 0
3 years ago
After 1989, Donna purchased series EE savings bonds for $2,500 at the age of 25. This year she redeemed the bonds for $5,000 and
Orlov [11]

Answer:

$1,000

Explanation:

Donna purchased series of savings bond for $2,500 at the age of 25

This year Donna redeemed the bond of $5,000

She paid $3,000 as expenses for her daughter education

The first step is the calculate the interest income

= $3,000/$5,000 × $2,500

= 0.6 × $2500

= $1,500

Therefore the interest that will be required by Donna to include in her gross income this year can be calculated as follows

= $2,500-$1,500

= $1,000

Hence Donna is required to include an interest of $1,000 in her gross income this year

3 0
3 years ago
To create a balanced budget, one must balance needs against what
mamaluj [8]
To create a balanced budget, one must balance needs against wants.

In order to Create a balanced budget you should:

<span>1. Keep track of your </span>financial gain<span> and expenses.</span>
<span>2. Stay on </span>top<span> of your monthly bills.</span>
<span>3. Be </span>ready<span> for </span>surprising<span> expenses.</span>
4. Not overspend.
<span>5. Figure out </span>what quantity you wish to save lots of to satisfy your monetary goals.
8 0
3 years ago
Read 2 more answers
Joe sold gold coins for $1000 that he bought a year ago for $1000. He says, "At least I didn't lose any money on my financial in
Sav [38]

Answer:

TRUE

Explanation:

Opportunity cost refers to those costs that can help us save more money. When we move from one investment to another, then the additional income from the other investment is called opportunity cost.

In this case, if Joe chooses Invest in a bank deposit in the place of Gold coins, he can enjoy 3% more return at the place of no profit and loss, so Joe had loss his 3% opportunity cost.

8 0
3 years ago
Other questions:
  • Supposed that you decide to borrow $40,000 for a new car you can select one of the following loans each requiring regular monthl
    13·1 answer
  • Prepare journal entries to record the following merchandising transactions of Cabela's, which uses the perpetual inventory syste
    13·2 answers
  • Problem 3-2
    11·1 answer
  • According to the Crash Course video on the Industrial Economy, in which of the following ways did the US Civil War spur rapid in
    8·1 answer
  • Why do economists sometimes offer conflicting advice to policymakers?
    8·1 answer
  • Trade increases production partly by taking advantage of
    5·1 answer
  • Zhang Industries is preparing a cash budget for June. The company has $28,000 cash at the beginning of June and anticipates $95,
    15·1 answer
  • Neoclassical Model of Investment" (1 point): In class, we discussed the idea of net investment, and how it could change in respo
    8·1 answer
  • The following condensed balance sheet is for the partnership of Hardwick, Saunders, and Ferris, who share profits and losses in
    15·1 answer
  • in the search for​ profits, u.s. corporations have been forced to look beyond our​ country's borders. all of the following contr
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!