The Buckmaker Corporation generated total revenues of $30 million dollars while incurring expenses of $17 million.Therefore,during the year Buckmaker Corporation earned a profit of $13 million.
The profit a firm earns is found by subtracting total costs from total revenue.

Question

Quizplus · Accepted Answer

This statement is true. Profit is calculated by subtracting total costs (expenses) from total revenue. In this case, $30 million in revenue minus $17 million in expenses equals a profit of $13 million.

The Buckmaker Corporation Generated Total Revenues of $30 Million Dollars