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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

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Answer:

See explanation

Explanation:

Since X-Mart company uses perpetual inventory system, the inventory system shows the real-time selling of inventories. Purchasing merchandise on account means no cash has been paid and a liability is existed. To record the transaction, the following journal entry will require in the book of X-Mart-

Debit    Merchandise Inventory    $300

Credit               Accounts payable          $300

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3 years ago
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Based on the CPI in both places, the Brexington salary in Charlieville is $30,000.

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Solving gives

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In conclusion, option A is correct.

Find out more on CPI at brainly.com/question/512131.

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3 years ago
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