# math

1. At Lexi Corp., sales revenue is \$20 million, the cost of goods sold is \$14 million, operating expenses are \$3 million, and income taxes are \$1 million. What is the company's operating income?
Select one:
A. \$17 million
B. \$3 million
C. \$2 million
D. \$6 million
E. None of these

2. A company has \$3.25 million in revenue and has a revenue cost of \$1 million. Which of the following statements is true?
Select one:
A. In order to have a net income of more than \$1.5 million, the operating expenses and income taxes need to be less than \$0.25 million.
B. In order to have a net income of more than \$1.5 million, the operating expenses and income taxes need to be less than \$2.25 million.
C. In order to have a net income of more than \$1.5 million, the operating expenses and income taxes need to be less than \$1.75 million.
D. In order to have a net income of more than \$1.5 million, the operating expenses and income taxes need to be less than \$0.75 million.
E. In order to have a net income of more than \$1.5 million, the operating expenses and income taxes need to be less than \$2.75 million.

my answrs:
1.E
2. C

1. 👍
2. 👎
3. 👁
1. The 14M, the 3M and the 1M are all expenses
so what is 20 - (14+3+1) ??
I get 2 Million

1. 👍
2. 👎
2. yes i realized that, i miss calculated the numbers, for the second one i miss typed my answer, i meant A and D, i am very confused since in both cases the answer is right?

1. 👍
2. 👎

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