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What else can I help you with?
Revenue less expenses equals?
Net income or Profit
What is the formula for Total Revenue and Total Cost?
Total revenue equals the sale price of products multiplued by the total amount of units sold
Is Contribution margin equals revenue minus all variable costs?
yes.
Is contribution margin equals sale revenue minus all variable cost?
yes.
What is an application of accrual accounting?
An application of accrual accounting is the notation of expenses as opposed to revenue earned in the same period. Revenue is only shown when it is realized or expected. In accrual accounting assets minus liabilities equals revenue.
Net sales is sales less what?
Net Sales is the the Total Sales less the Cost of Goods Sold. ========================================= Net sales refers to revenues earned by businesses after selling a product/service. Sales less discounts, returns and allowances for damages/losses equals sales.
What is the difference between a gross sale and a net sale?
Gross sales mean what you are charged as the overall total of your bill and net is all other deductions subtracted with what ever balance is left being your net.Gross sales is defined to be the total invoice value of sales, before deducting customers' discounts, returns, or allowances.Net Sales The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any discounts allowed. The sales number reported on a company's financial statements is a net sales number, reflecting these deductions.More information from our contributors:For easier understanding, gross sales is what is accounted for as sales and net sales is what is received on account of the transaction.Taxes; gross sale indicate total amount received before any applicable tax is taken out. Net sale is the total of gross sale minus taxes, before tax payments, royalties, etc. You pay your income tax based on gross. The difference between gross sales and net sales can come from two sources.1. Sales returns 2. Customer discounts or allowancesIn accounting, the difference between gross sales and net sales can be made up of more than one factor. Gross sales revenues is all the sales revenues that have been earned by a firm during a given time period. The items that are netted out of, or deducted from, gross sales in order to arrive at net sales can be different in different industries. For example, in the book publishing industry the two items mentioned above would be deducted from gross sales to get to net sales. In the magazine publishing industry, there would be an additional deduction for advertising agency commissions.In general, however, "gross sales" reduced by the sum of :[(1) the dollar amount of refunds for items bought and then returned by customers and (2) the dollar amount of purchase discounts taken by customers] equals "net sales".Gross sale is the sale that needs some amount to be deducted from it. And net amount is final sale that is in actual figure after deducting all other things like allowances etc.I might suggest that an example would help. e.g. if you sell your house for £300,000, that would be your gross sale. But if you then deduct the cost of selling it (like estate agents fees) of say £30,000 then you get £270,000 which would be your net sale.
Why do the demand and marginal revenue curves coincide?
Because in Pure Competition, Demand equals Price, and Price equals Marginal Revenue;hence, Demand equals Marginal revenue.
What is the revenue-net income?
Net income equals revenue minus expenses minus taxes So, revenue minus net income equals expenses plus taxes
Policies on profit maximization?
Profit maximization is a short run or long run process which a firm determines the price and output level that returns the greatest profit. The total revenue-total cost perspective is based on the fact that profit equals revenue minus cost and focuses on maximizing this difference.
What occurs when spending equals revenue?
The answer is Balanced budget
Marginal revenue equals?
marginal cost of production
A company is maximizing profit when marginal revenue?
A company maximizes profits when marginal revenue equals marginal costs.
What does Grossing renvue mean?
"Raw" sales income; the amount customers actually pay the company when they make their purchases.When a company sells products, it has to make allowances for some portion of its sales for products expected to be returned, lost in delivery, or otherwise requiring the company to refund the customers' money. The "official" revenue number, known as sales revenue, equals gross revenue minus these allowances.Gross revenue is generally not an interesting number for investors. One case where it isinteresting is when you're tracking the progress of a startup company. It's possible that at the very beginning they'll be doing such a tiny amount of business that actual sales will be less than the allowances for refunds, meaning that sales revenue will technically be a negative number. In this case the company will issue news releases about its gross revenue, so investors will at least know that a few customers have been showing up and laying out some cash.
Revenue less expenses equals?
Net income or Profit
Why is it that when a firms marginal revenue product equals the wage rate marginal revenue also equals the marginal cost?
When a firm's marginal revenue product (MRP) equals the wage rate, it indicates that the additional revenue generated by hiring one more unit of labor matches the cost of employing that labor. At this point, the firm maximizes its profit by employing labor up to the point where the cost of additional labor (wage) equals the additional revenue generated (MRP). Consequently, since marginal revenue (MR) from selling output also equals the price in a competitive market, and given that marginal cost (MC) reflects the cost of producing additional output, the condition where MRP equals wage leads to the situation where MR equals MC, ensuring optimal production decisions.
What happens when marginal revenue equals marginal cost?
profit is maximized
