Based on the information in Table B-1, the net profit is:
A) $50,000.
B) $120,000.
C) a loss of $75,000.
D) $215,000.
E) $85,000.

Name: Based on the information in Table B-1, the net profit is: A) $50,000. B) $120,000. C) a loss of $75,000. D) $215,000. E) $85,000.
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Question

Quizplus · Accepted Answer

Net profit is calculated by subtracting total expenses from total revenue. In this case, total revenue is $290,000 and total expenses are $240,000, resulting in a net profit of $50,000.

Based on the Information in Table B-1, the Net Profit