Calculate the net profit for the firm if its total revenues are $123,201 and total expenses are $35,569.

Question

BlackTom AI · Accepted Answer

Question restatement: The task is to calculate the net profit when total revenues are 123,201 and total expenses are 35,569.
Step 1: Identify the formula. Net profit is equal to total revenues minus total expenses.
Step 2: Apply the values. Subtract 35,569 from 123,201.
Step 3: Perform the subtraction. 123,201 − 35,569 = 87,632.
Step 4: Interpret the result. The difference represents the amount remaining after covering expenses from revenues, i.e., the firm’s net profit for the period.
Note: There are no answer options provided in this question, so no option-by-option analysis is needed. The calculation shown follows the standard accounting principle of net profit = revenues − expenses, and the arithmetic aligns with basic subtraction.
If you want to double-check, you can re-run the subtraction using column alignment or a calculator to confirm that 123,201 minus 35,569 indeed yields 87,632.

Calculate the net profit for the firm if its total revenues are $123,201 and total expenses are $35,569.

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