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
Ans: A. earned a profit of $12 million.
Business
You might also like to view...
A currency swaps allows a multinational corporation to change the ________
A) currency of denomination of its debts B) forward rate on contracts it secures to hedge exchange rate risk C) principal and interest rate on its debt D) nature of its debt from a fixed interest rate to a floating interest rate
Business
Which of the following is the main goal of the object-oriented approach?
A) maintaining systems B) minimizing the impact of change C) reusability D) functional control
Business