Last year, Archer Electronics reported revenues of $34 million while its total expenses were $10 million. Based on this information, Archer reported A) profits of $24 million. B) profits of $34 million. C) losses of $24 million. D) losses off $34 million.

Question

Business

Miracle Acevedo

10 September, 17:43

Last year, Archer Electronics reported revenues of $34 million while its total expenses were $10 million. Based on this information, Archer reported A) profits of $24 million. B) profits of $34 million. C) losses of $24 million. D) losses off $34 million.

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Answers (1)

Know the Answer?

Junior Burke · Answer 1

The answer is A. of $24 million

Explanation:

Profit equals Revenue minus Expenses

Profit = $34million - $10minus

=$24million profit

Therefore, Archer Electronics reported a profit of $24million last year