The economic function of profits and losses is to determine the performance of a company. This is what will contribute to the overall measure of the economy in a region.
When profits are zero, the firm is earning sufficient revenue to cover the opportunity cost.
A firm jointly owned and run by two or more people who share profits and losses is a partnership.
if marginal production costs exceed marginal revenues, the firm will suffer losses, not profits.
economics is the study in which we study benefits and loss through this profits and losses can be determined,...whilescience is the knowledge gained throgh observations and experimentation ,...while this word is derived from a latin word scientia which means knowledge
The economic function of profits and losses is to determine the performance of a company. This is what will contribute to the overall measure of the economy in a region.
direct resources in response to changes in the economy
Forex signals can be useful not only in making profits, but also in learning how to make profits consistently. Signal providers you shoul dask for their live myfxbook account. This shows how well they trade, percent of wins/losses, live money, growth of account, etc.
Economic profit will never exceed accounting profit. The accountant will calculate total cost using only explicit costs (basically a transfer of money) that the firm makes. On the other hand, .
When profits are zero, the firm is earning sufficient revenue to cover the opportunity cost.
Profits and losses are shared evenly Except otherwise stated in the contract.
A firm jointly owned and run by two or more people who share profits and losses is a partnership.
Economic profit and losses
profit & loss appropriation accounts are prepared after profits. Basic purpose is to show how the profits are distributed.NOT only profits but also concerned losses.
Entrepreneur is a person who actually does the business. He/She is responsible for the profits or losses.
Most likely, they would be shareholders.
collect profits. bang management if experience losses