Question

You need to assist your supervisor to compile the company's earnings report. Analyze

the 2010 to 2014 revenue and expenditure data presented below and calculate

the total profit or loss for the year 2011.



a. Profit $5,000

b. Loss $5,000

c. Profit $10,000

d. Loss $10,000​

Answer 1

Answer:

c

Step-by-step explanation:

Answer 2

Your question is incomplete. Please check below the full content.

You need to assist your supervisor to compile the company's earnings report. Analyze the 2010 to 2014 revenue and expenditure data presented below and calculate the total profit or loss for the year 2011.

                                                              Revenue                     Expenditure

2010                                                       25000                        30000

2011                                                        30000                        20000

2012                                                       30000                        30000

2013                                                       40000                        25000

2014                                                       45000                         30000

Concept:

Profit-

• Profit is the money a company makes after deducting all expenses. There is a profit when the revenue is greater than the expenditure.
• Total revenue less total expenses equals profit.
• Companies report gross profit, operating profit, and net profit for accounting purposes (the "bottom line").
• Profitable businesses are appealing to investors because profits are either distributed to shareholders as dividends or reinvested in the business, increasing stock value.

Given:

In 2011,

Revenue = 30000

Expenditure = 20000

Find:

Profit or loss

Solution:

Profit = Revenue - Expenditure

Profit = 30000 - 20000

Profit = 10000

Since, the Revenue in 2011 is greater than the expenditure by 10000, therefore there is a profit of 10000 in 2011. Hence, the correct option is (c)Profit $10,000.

#SPJ2