If Blair Industries Had $24 Million in Revenue and Net

question 44

Multiple Choice

If Blair Industries had $24 million in revenue and net income of $6 million,then its:

• A)expenses must have been $30 million.
• B)expenses must have been $18 million.
• C)assets must have been $24 million.
• D)assets must have been $6 million.

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Definitions:

Hotel Owners

Individuals or corporations who possess legal ownership of a hotel business, responsible for its operational, financial, and strategic management.

Road Trips

Long-distance journeys made by vehicle on roads, often for pleasure and adventure.

Memoranda

Written messages or notes used for internal communication within organizations or between individuals in a professional context.

Secretary

An administrative assistant in an organization who is responsible for handling correspondence, keeping records, and performing clerical duties.