Last year,MacTeck Enterprises had total revenues of $34 million while its total expenses were $22 million.Based on this information,MacTeck:
A)earned a profit of $12 million.
B)earned a profit of $56 million.
C)suffered a loss of $12 million.
D)suffered a loss of $22 million. Profits are found by subtracting costs and expenses from revenues,so MacTeck's profits are $34 million - $22 million = $12 million.

Question

Quizplus · Accepted Answer

Profits are found by subtracting costs and expenses from revenues,so MacTeck's profits are $34 million - $22 million = $12 million. Therefore, the company earned a profit of $12 million.

Last Year,MacTeck Enterprises Had Total Revenues of $34 Million While