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HIsPoCratiC HIsPoCratiC
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6 years ago
A company has $3.25 million in revenue and has a revenue cost of $1 million. Which of the following statements is true?
A) In order to have a net income of more than $1.5 million, the operating expenses and income taxes need to be less than $0.75 million.
B) In order to have a net income of more than $1.5 million, the operating expenses and income taxes need to be less than $2.25 million.
C) In order to have a net income of more than $1.5 million, the operating expenses and income taxes need to be less than $2.75 million.
D) In order to have a net income of more than $1.5 million, the operating expenses and income taxes need to be less than $0.25 million.
E) In order to have a net income of more than $1.5 million, the operating expenses and income taxes need to be less than $1.75 million.
Textbook 
Business Essentials, Canadian Edition

Business Essentials, Canadian Edition


Edition: 8th
Authors:
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ByprivateByprivate
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HIsPoCratiC Author
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#2
6 years ago
Never thought of that, ty!
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