Question

Using a General Journal Math Quiz
QUESTION 9 of 10: If a business has $100,000 in sales and $10,000 in wages, $3,000 in advertising, $1,000 in dividends and $3,000 in
insurance expense, how much profit did the company make?
a) 84,000
b) 81,000
c) Cannot calculate

Answer 1

Answer:

A

Explanation: took the test.

Answer 2

How much profit did the company make is $84,000

Calculation to determine how much profit did the company make

Sales $100,000

Less:

Wages ($10,000)

Advertising ($3,000)

Insurance expense ($3,000)

Profit $84,000

($100,000-$10,000-$3,000-$3,000)

Inconclusion How much profit did the company make is $84,000.

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