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Chicken Sandwitch with curry < How immature.

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Edward Lakin

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3y ago

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Why does average cost include profit?

it doesn't cost is cost revenue is revenue


What is the relationship between a firm's total revenue profit and total cost?

A firm's total revenue is the total income generated from selling goods or services, while total cost represents the expenses incurred in the production process. Profit is calculated as the difference between total revenue and total cost. Therefore, if total revenue exceeds total cost, the firm earns a profit; if total cost exceeds total revenue, the firm incurs a loss. This relationship highlights the importance of managing costs and maximizing revenue to achieve profitability.


How do you find projected profit?

(Projected revenue) - (Extended Cost) (Projected revenue) - (Extended Cost)


Is a business making a profit when the revenue is less than its cost?

NO, if reveneu is less then cost then company is in loss as following forumula: Net profit (loss) = Revenue - Cost


Which importance of revenue cost and profit to country cuisine?

because the revenu is the key factor thast runs about the coordidnate the money you get+yay. LOL.


Why is cost important in business?

because the lower the cost the more profit the business makes profit = revenue - cost


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


How do you calculate the Gross Profit Margin?

The Gross Profit Margin is an expression of the Gross Profit as a percentage of Revenue. Gross Profit Margin = Gross Profit/Revenue*100 [or] Gross Profit Margin = Revenue - (Cost of Sales)/Revenue*100 Cost of sales=it include all those expenses and income that will occur during manaufacturing and sales of goods and services


The difference between total revenue and total cost?

profit or loss


How do you calculate profit when quantity is added?

To calculate profit when quantity is added, you need to subtract the total cost of producing the additional quantity from the revenue generated by selling that quantity. The profit formula is: Profit = Total Revenue - Total Cost. Determine the additional revenue and additional cost associated with the added quantity to calculate the profit accurately.


What is the importance of revenue costs and profit?

Chicken Sandwitch with curry < How immature.


How do you calculate marginal revenue cost by math and graphically and marginal in general?

Profit=Total revenue - Total cost