The May bank statement for Rental shows a balance of $6,000, but the balance per books shows a cash balance of $8,000. Other inf
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Let the average profit or loss in year 2006 be x millions,
The average profit for the 8-year period, is the total sum of the profits (or losses) of each year, divided by 8:
so we have:
x=8-10.45=-2.45
Answer: the loss in 2006, was 2.45 million dollars
The average profit for the 8-year period, is the total sum of the profits (or losses) of each year, divided by 8:
so we have:
x=8-10.45=-2.45
Answer: the loss in 2006, was 2.45 million dollars