In how many months did Sodresh Sundials either break even or turn a profit?
a. eleven
b. six
c. four
d. one
Answer (2)
Sodresh Sundials broke even or turned a profit in 11 months. We analyzed each month's revenue and expenses to reach this conclusion. Therefore, the correct choice is option a. eleven .
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Analyze the revenue and expenses for each month.
Determine if the revenue is greater than or equal to the expenses for each month.
Count the number of months where the revenue is greater than or equal to the expenses.
The number of months where Sodresh Sundials broke even or turned a profit is 11 .
Explanation
Understanding the Problem We are given a table of monthly revenues and expenses for Sodresh Sundials and asked to find in how many months the company broke even or turned a profit. This means we need to count the number of months where the revenue is greater than or equal to the expenses.
Solution Plan We will iterate through the table, comparing the revenue and expenses for each month. If the revenue is greater than or equal to the expenses, we will increment a counter.
Detailed Calculation Let's analyze the data month by month:
Feb: Revenue = 7,510, Expenses = 329. Since 7,510 >= 329, this month is profitable.
Mar: Revenue = 7,952, Expenses = 309. Since 7,952 >= 309, this month is profitable.
Apr: Revenue = 7,071, Expenses = 288. Since 7,071 >= 288, this month is profitable.
May: Revenue = 8,942, Expenses = 303. Since 8,942 >= 303, this month is profitable.
Jun: Revenue = 9,249, Expenses = 329. Since 9,249 >= 329, this month is profitable.
Jul: Revenue = 7,813, Expenses = 400. Since 7,813 >= 400, this month is profitable.
Aug: Revenue = 6,821, Expenses = 350. Since 6,821 >= 350, this month is profitable.
Sep: Revenue = 9,382, Expenses = 382. Since 9,382 >= 382, this month is profitable.
Oct: Revenue = 8,117, Expenses = 329. Since 8,117 >= 329, this month is profitable.
Nov: Revenue = 9,018, Expenses = 425. Since 9,018 >= 425, this month is profitable.
Dec: Revenue = 6,503, Expenses = 424. Since 6,503 >= 424, this month is profitable.
Counting the months where revenue is greater than or equal to expenses, we find that there are 11 such months.
Final Answer Therefore, Sodresh Sundials broke even or turned a profit in 11 months.
Examples
Understanding profit and loss is crucial in business. For example, if you're running a lemonade stand, tracking your revenue (money from sales) and expenses (cost of lemons, sugar, cups) helps you determine if you're making a profit. If your revenue is greater than your expenses, you're making money! This simple concept applies to businesses of all sizes, from small shops to large corporations, helping them make informed decisions about pricing, production, and investments.
