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When a firms revenue from sales exceeds its cost of production it will earn?
Wiki User
∙ 11y ago
Profit
Wiki User
∙ 11y ago
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If the firm's sales revenue income exceeds its expenses the firm has earned a profit?
If a firm's sales revenue exceeds its expenses, the firm has earned a profit.
6 What are the advantage and disadvantage of level production schedules in firms with cyclical sales?
The advantage of the level production schedule in firms with cyclical sales is resources and labor are spread evenly. The disadvantage of the level production schedule is that it is a costly exercise.
Why are business sales leads important to the infrastructure of marketing firms?
The generation of sales leads is one of the main activities that marketing firms do in order to bring new clients to the company. Successful sales resulting from leads will increase the revenue of a business.
What is the notion of profit?
Profit is the financial gain made by a business when the revenue generated from sales exceeds the costs of production, operation, and other expenses. It is a key indicator of a company's success and is crucial for sustaining and growing the business over time.
What is a flexible budget?
Definition A set of revenue and expense projections at various production or sales volumes. The cost allowances for each expense are able to vary as sales or production vary.
What is net cost?
sales sales revenue minus net sales revenue
Desribe various ways that knowledge management systems could help firms with sales and marketing or manufacturing and production?
Almost everyone in the production line will become an expert.
Is sales revenue a revenue?
Yes it is.
What is the sales revenue if variable cost is 40000 and fixed cost is 30000 and break sale revenue is 40000?
Sales revenue = breakeven sales + Fixed Cost Sales revenue = 40000 + 30000 sales revenue = 70000 Prove Sales revenue = 70000 Less: V.C = 40000 Contribution Margin = 30000 Less:Fixed Cost = 30000 Profit (loss) = Nill
Why don't firms maximize revenue rather than profit?
Maybe... If it is a privately owned organization then the primary goal is to maximize Revenue and Profit. If it is a public limited company that has numerous shareholders, then the primary goal is to maximize Shareholder wealth.
Is the amount of sales tax collected on sales is recorded in the Sales Tax Revenue account?
combind revenue accounts
Could Sales revenue minus sales returns and allowances and sales discounts equals?
Sales revenue minus sales return and allowances and sales discount equals?
