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    deezerdoo's Avatar
    deezerdoo Posts: 34, Reputation: 2
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    #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's Avatar
    Smith21000 Posts: 69, Reputation: 9
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    #2

    Apr 17, 2007, 08:43 AM
    X-310,000 = (15,000)

    X = Revenues
    deezerdoo's Avatar
    deezerdoo Posts: 34, Reputation: 2
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    #3

    Apr 17, 2007, 09:30 AM
    So the revenues would $325,000.
    Smith21000's Avatar
    Smith21000 Posts: 69, Reputation: 9
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    #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's Avatar
    deezerdoo Posts: 34, Reputation: 2
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    #5

    Apr 17, 2007, 11:10 AM
    $295,000
    Smith21000's Avatar
    Smith21000 Posts: 69, Reputation: 9
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    #6

    Apr 17, 2007, 01:20 PM
    Correct
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