View Full Version : Company revenues
deezerdoo
Apr 17, 2007, 06:23 AM
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
Apr 17, 2007, 08:43 AM
X-310,000 = (15,000)
X = Revenues
deezerdoo
Apr 17, 2007, 09:30 AM
So the revenues would $325,000.
Smith21000
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
Apr 17, 2007, 11:10 AM
$295,000
Smith21000
Apr 17, 2007, 01:20 PM
Correct