To determine the total expenses for June, follow these steps:
1. Identify the given values:
- Profit = [tex]$5,000
- Revenue = $[/tex]20,000
2. Understand the relationship:
- Revenue is the total amount of income generated before any expenses are deducted.
- Profit is the amount remaining after all expenses have been subtracted from the revenue.
3. Set up the equation:
- Since Profit = Revenue - Expenses, we can rearrange this to find the expenses:
[tex]\[
\text{Expenses} = \text{Revenue} - \text{Profit}
\][/tex]
4. Substitute the known values into the equation:
- [tex]\[
\text{Expenses} = 20,000 - 5,000
\][/tex]
5. Calculate:
- [tex]\[
\text{Expenses} = 15,000
\][/tex]
Therefore, the total expenses for June are [tex]$15,000.
The correct answer is:
b) $[/tex]15,000
