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What is the rationale for recognizing costs as expenses at the time of product sale?
Matching Cost against Revenue principles stipulate that a revenue generated must have an associated cost to it. As & when a revenue is recognized, so is the cost.
What is the difference between cost and revenue?
Revenue is the profit made from an activity, while cost is the price something is.
The difference between revenue from sales and cost of goods sold?
Difference between revenue from sales and cost of goods sold is called "Gross profit".
How do you calculate total gross profit?
Sale or Revenue for the period -less cost of good sold=gross profit cost of good sold is the cost incurred in generating the revenue
When a product is sold this cost is often called?
revenue
Why does average cost include profit?
it doesn't cost is cost revenue is revenue
How do you find percent of revenue for cost?
cost/revenue x100%
How do you find projected profit?
(Projected revenue) - (Extended Cost) (Projected revenue) - (Extended Cost)
What is the difference between Cost of revenue and revenue?
m mnmk
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
What deference between cost and revenue?
Cost is how much is spent revenue is the annual how much u make
What is the rationale for recognizing costs as expenses at the time of product sale?
Matching Cost against Revenue principles stipulate that a revenue generated must have an associated cost to it. As & when a revenue is recognized, so is the cost.
Business CAT cost of revenue in 2001 is 5266 the cost of revenue in 2002 is 5818 what is the percent increase?
+10.46%
How do you calculate marginal revenue cost by math and graphically and marginal in general?
Profit=Total revenue - Total cost
Total revenue and total cost curves?
total cost= total revenue, it is the same thing in different name.
What is the formula to find the marginal cost?
Marginal Cost = Marginal Revenue, or the derivative of the Total Revenue, which is price x quantity.
What is net cost?
sales sales revenue minus net sales revenue
