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The process of creating goods and services to satisfy human wants and needs is?
It is called production.
What kind of stock market analysis focuses on company's traits such as revenues and earning per share?
The type of stock market analysis that focuses on a company's traits, such as revenues and earnings per share (EPS), is called fundamental analysis. This approach evaluates a company's financial health and performance metrics to determine its intrinsic value and potential for growth. Investors using fundamental analysis look at financial statements, industry position, and economic factors to make informed investment decisions.
Spending more money on imports then earning on exports is called what?
Trade surplus
What is a lack of goods or services called?
what is a lack of goods and services called
Briefly discuss Profit with the help of example?
The positive difference between revenues and cost is called profit and is claimed by the entrepreneur.
What is the process of earning your income sometimes called?
The process of earning your income is sometimes called "earning a living" or "making a living."
Decreases in retained earnings that represent costs of assets or services used to earn revenues are called what?
expenses
What is book balancing called?
The process of recording transactions , revenues and expenses on a company's books, and the reconciling thereof is called balancing.
Matching revenues and expenses refers to?
Matching revenues and expenses is called "Matching concept" of Accounting.
What is it called when expenses are greater than revenues?
Loss or a deficit.
What is it called When tax revenues exceed expenditures?
Budget Surplus
What is it called When a business's expenses are greater than its revenues?
jh
Are accounts payable and income fees called revenues?
yes
The process of creating goods and services to satisfy human wants and needs is?
It is called production.
How do you compute gross profit?
Gross profit is the difference btwn trading revenues (i.e. sales, closing stock etc.) and trading expenses (i.e. purchases. opening stock, freight, wages, etc.) + Earned Revenues (from the sale of the usual business products or services) - Cost of Goods Sold (the direct cost of the business product or services that were sold above) -------------------------- = Gross Profit (also called Gross Margin)
What is it called when your expenses are greater than your revenues on an income statement?
loss
What is the portion of the revenues of a cathedral granted to a member of the clergy called?
prebend
