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.

Question

Quizplus · Accepted Answer

The profit is calculated by subtracting total expenses from total revenues. Therefore, MacTeck Enterprises earned a profit of $12 million ($34m - $22m = $12m).

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