Question

8. The XYZ Company lost $12,000 in the first quarter of the year. They made a profit of $4,650 in each of the next two quarters. They made $5,025 in the fourth quarter. What were their profits or losses for the year?​

Answer 1

2325

Explanation:

The XYZ company lost $12,000 in the first quarter, made a profit of 4,650 in both the second and third quarter, and made a profit of 5025 in the fourth quarter so profit/losses for the entire year = -12,000+4650+4650+5025=2352
The 4650 was put in both the second quarter and third quarter profits/losses becuase in each the second and third quarter they earned a profit of 4650