The following are the respective costs and revenues incurred by USA company: costs for months 1, 2, 3: $80,000.00, $90,000.00, $100,000.00                  Revenues for months 2, 3, 4:  $70,000.00, $95,000.00 $105,000.00                The USA company wants to know from you if it has made any profit or not. What will be your answer and explain? Use interest= 12%

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
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Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...
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The following are the respective costs and revenues incurred by USA company:

costs for months 1, 2, 3: $80,000.00, $90,000.00, $100,000.00                  Revenues for months 2, 3, 4:  $70,000.00, $95,000.00 $105,000.00                The USA company wants to know from you if it has made any profit or not.

What will be your answer and explain? Use interest= 12%

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