0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Importance of matching principle?
accounting matching principals ( costs and revenue ) is very important to show the correct year result.
What is the total revenue at break even point if Ace corporation's variable costs are equal to 43 percent of sales revenue and their fixed costs per month are 600000?
Revenue at BREAK EVEN point is $0.00
The positive difference between revenue and costs?
Profitability
What is netted revenue?
In the oil and gas industry it represents the working interest owner's share of gross revenue less taxes (production and severance), conservation fees, marketing and handling fees AND their share of operating costs. The owners costs are said to be "netted" against their revenue.
If a stadium's revenue is 554000 and its costs are 126000 what is the stadium's profit as a percentage of its revenue (Round to the nearest percent.)?
77%
Why are profit maximize when marginal revenue is equal to marginal cost?
Profits are maximized when marginal costs equals marginal revenue because fixed costs are now spread over a larger amount of revenue. This means that total cost per unit declines and profits increase. Another way to say this is that this is the effect of scale. When marginal revenue equals marginal costs, in a growing revenue situation, you gain economies of scale and higher profits.
Importance of matching principle?
accounting matching principals ( costs and revenue ) is very important to show the correct year result.
What does profit mean in math?
Profit is revenue minus costs. In merchandising, you have to pay for the items you sell, and you charge a higher amount to your customers. The difference between what you pay for them (cost) and what you get for selling them (revenue)_ is your profit. ■
What is revenue minus costs?
Profit
Profits will be maximized when marginal revenue?
Profits will be maximized when marginal revenue is equal to marginal costs. This will only happen in cases where there are fixed costs.
What is the break even revenue?
Amount of revenue that is needed to cover all of the fixed costs.
Profits is calculated by subtracting costs from what?
Profit is calculated by subtracting costs from revenue.
Calculate costs as a percentage of revenue?
15%
Subtracting costs from revenue calculates?
profit
How do you calculate GP Gross Profit when the revenue is less than the costs?
If revenue is less than costs, the gross profit is negative -- it is not a profitable company.
How do i calculate percent profit?
The answer will depend on profits as a percentage of what! As a percentage of revenue, it would be 100*(Total Revenue - Total Costs)/Total Revenue In example (as given in discussion page) Total Revenue = 236,000 Total Costs = 173,000 Total Profit = Total Revenue - Total Costs = 63,000 So percentage profit = 100*63,000/236,000 = 26.7% (approx).
Firm A one firm in a competitive industry faces higher costs of production As a result conusmers end up paying higher prices Discuss?
If a firm is having higher costs than another in the same industry, they will pass the costs to the consumer. That has to happen if the firm is supposed to make any profits.
