An article in the Wall Street Journal discussing the financial results for bookstore chain Barnes & Noble

Question:

An article in the Wall Street Journal discussing the financial results for bookstore chain Barnes & Noble during the first quarter of 2019 reported that, compared with the same quarter in the previous year, the firm’s revenue was unchanged from $1.23 billion, while its profit had improved to $66.9 million from a loss of $63.5 million. How is it possible for Barnes & Noble’s profit to increase during the same period that its revenue was unchanged? Can Barnes & Noble maximize profit without maximizing revenue? Briefly explain.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Economics

ISBN: 9780135957554

8th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

Question Posted: