Suppose Sam's Shoe Co.makes only one kind of shoe,which sells for $50 a pair.If they sold 500,000 pairs of shoes,and had a total cost of $1,000,000,what was the company's profit?
A) $1,500,000
B) $24,000,000
C) $40,000,000
D) Not enough information is given to calculate profit.
Correct Answer:
Verified
Q2: A college student is thinking about running
Q4: Total cost can be defined as:
A) the
Q5: A college student is thinking about running
Q6: An example of a one-time expense for
Q7: Which of the following would be considered
Q9: Total revenue can be defined as:
A)the amount
Q9: A college student is thinking about running
Q11: A college student is thinking about running
Q11: Which of the following would be considered
Q16: Total revenue is:
A)the amount that a firm
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents