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What is the relationship that exists between capital and profit?
Capital and profit are closely related in that capital is the financial resource invested in a business to generate goods or services, while profit is the return on that investment after accounting for expenses. The effective use of capital can lead to higher profits, as it enables businesses to expand operations, improve efficiency, and innovate. Conversely, insufficient or poorly allocated capital can limit profit potential. Thus, the relationship is cyclical: capital drives profit, and profit can reinvest into capital for further growth.
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".
What is excess of sales over cost of goods?
Excess of sales over cost of goods, often referred to as gross profit, represents the difference between a company's revenue from sales and the direct costs associated with producing those goods. It is a key indicator of a business's financial health, showing how efficiently a company can generate profit from its sales activities. Gross profit does not account for operating expenses, taxes, or other costs, which are considered when calculating net profit.
Why unrealized profit deducted from finished goods?
Unrealized profit is deducted because it is received but not yet earned means goods are not sold to outside customers and unless goods sold to end user or outside company customers, profit is not actually earned.
If total revenue is 3000 cost of goods is 1500 and total selling expense is 500 what is the profit?
Profit is the difference between your income (3000) and your expenses (1500 + 500) So add 1500 and 500, and subtract THAT from 3000. The answer is your profit- on which you will pay taxes.
What is the relationship that exists between capital and profit?
Capital and profit are closely related in that capital is the financial resource invested in a business to generate goods or services, while profit is the return on that investment after accounting for expenses. The effective use of capital can lead to higher profits, as it enables businesses to expand operations, improve efficiency, and innovate. Conversely, insufficient or poorly allocated capital can limit profit potential. Thus, the relationship is cyclical: capital drives profit, and profit can reinvest into capital for further growth.
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".
What called The difference between net sales and cost of goods sold divided by net sales?
1. Net sales - cost of goods sold = Gross profit Gross profit / Net sales = Gross profit ratio
How were the Phoenicians middlemen?
They moved from trading their own limited goods to the carriage trade - moving other peoples' goods between them and taking a profit from it.
What is the relationship between income and luxury goods?
higher income, more luxery goods. not rocket science.
What is the relationship between producers and consumers in economics?
Producers make the goods and consumers buy and use the goods.
What is the relationship between boycott and repeal?
A boycott is to refuse to purchase certain goods or service, and a repeal is to cancel a law. That is a relationship between the two.
For which type of good is there an inverse relationship between the demand for the good and income?
For inferior goods, there is an inverse relationship between the demand for the good and income.
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.
What is the relationship between consumer demand and income levels when considering inferior goods in economics?
In economics, there is an inverse relationship between consumer demand and income levels for inferior goods. This means that as income levels increase, the demand for inferior goods decreases, and vice versa.
What is the relationship between the timing of your goals and the type of goods or service you want?
bacon
What is the relationship between exports and imports?
they both have to do with bringing and taking out goods for a country
