A Firm Has Revenue of $60,000, Its Total Operating Costs

question 81

Multiple Choice

A firm has revenue of $60,000, its total operating costs including depreciation and cost of goods sold are $50,620, depreciation is $4,620 and its interest expense on outstanding loans is $2,000.What is the firm's EBIT?

• A)$55,380
• B)$2,760
• C)$9,380
• D)$12,000

---

Definitions:

Election Petition

A formal request, often filed by employees or labor organizations, seeking an election to establish or decertify a labor union as the representative of a group of workers.

Union Instrumentality

The effectiveness of a labor union in achieving desired outcomes or benefits for its members, such as higher wages or better working conditions.

National Labor Relations Act

A foundational statute in United States labor law that protects the rights of employees to organize, form unions, and engage in collective bargaining.

Supervisors

Individuals in an organization responsible for overseeing the work of employees and ensuring that the work is completed efficiently and effectively.