deezerdoo Posts: 34, Reputation: 2 Junior Member #1 Apr 17, 2007, 06:23 AM
Company revenues
If a company reports a loss of \$15,000 and total expenses of \$310,000 is this enough information to determine its revenues? If it is how would it be determined?
 Smith21000 Posts: 69, Reputation: 9 Junior Member #2 Apr 17, 2007, 08:43 AM
X-310,000 = (15,000)

X = Revenues
 deezerdoo Posts: 34, Reputation: 2 Junior Member #3 Apr 17, 2007, 09:30 AM
So the revenues would \$325,000.
 Smith21000 Posts: 69, Reputation: 9 Junior Member #4 Apr 17, 2007, 10:52 AM
No, that would leave you with a gain of \$15,000. We are looking for a loss of \$15,000.
 deezerdoo Posts: 34, Reputation: 2 Junior Member #5 Apr 17, 2007, 11:10 AM
\$295,000
 Smith21000 Posts: 69, Reputation: 9 Junior Member #6 Apr 17, 2007, 01:20 PM
Correct

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