During 2011, Yoder Enterprises Generated Revenues of $90,000

question 121

Multiple Choice

During 2011, Yoder Enterprises generated revenues of $90,000.The company's expenses were as follows: cost of goods sold of $45,000, operating expenses of $18,000 and a loss on the sale of equipment of $3,000. Yoder's gross profit is

• A)$90,000.
• B)$45,000.
• C)$27,000.
• D)$24,000.

---

Definitions:

Janitorial Department

A dedicated team or sector within an institution tasked with the upkeep, sanitation, and general maintenance of buildings.

Square Footage

A measure of area used to determine the size of a space, typically associated with property or building dimensions.

Direct Method

An approach to calculating cash flows from operating activities that involves listing all major operating cash receipts and payments.

Cafeteria Department

A division within an organization that manages the provision of food services to employees.