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Financial Forensics · Quiz 1 · 7 Jul 2024 · May 2024 term

Question 3: What were the company’s Revenues

Question 3

+1 markNumerical answer

The Hosmer Company had June sales of $275,000. The cost of goods sold was $164,000 and other cash expenses were:
Rent: $3,300
Salaries: $27,400
Taxes: $1,375
Other: $50,240
Based on the above data, answer the given subquestions

What were the company’s Revenues

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Correct answer: 275000

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Question 3 of 29 in the IIT Madras BS Financial Forensics (Financial Forensics) Quiz 1 paper sat on 7 Jul 2024, in the May 2024 term (IIT M DEGREE AN EXAM QDB2 7 July 2024). It carries 1 mark.

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