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Compute the opt

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Problem 1: Compute the OPT A. Star Bus Company (a domestic common carrier) has the following data for the first quarter of the current year.

Gross receipts, passenger operations 8,000,000

Gross revenue from cargo operations 5,000,000

Expenses, passenger operations 4,750,000

Expenses, cargo operations 2,500,000

Gross receipts - rental of facilities 2,000,000

Additional information:

  • 25% of its gross revenue from cargo operations were still outstanding as of the end of the quarter

Reference no: EM132787432

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