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Deducting direct costs from revenues is gross profit while deducting all other remaining cost we get net profit.
Wiki User
∙ 9y ago
Wiki User
∙ 7y agoProfit. The formula is P=R-C
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When a firm's marginal revenues are higher than its marginal cost?
Marginal cost is
How does cost-volume-profit model accommodate nonlinear costs and revenues?
non-linear costs and revenues are ignored by the model
In a firm where assets are the major cost how is profit maximized?
By increasing revenues or the cost of the assets.
How do you calculate contribution margin ration if you're only given revenues and fixed costs not selling price?
Revenues Less: Variable cost Contribution Margin Less: Fixed Cost Net Income
Which of the following accurately explains how profit is calculated (Apex)?
cost are subtracted from revenues
What represents the profits from revenues after deducting only the cost of goods sold?
After only deducting cost of goods sold from revenues is the Gross profit which is the difference between revenues and cost of goods sold.
When a firm's marginal revenues are higher than its marginal cost?
Marginal cost is
How does cost-volume-profit model accommodate nonlinear costs and revenues?
non-linear costs and revenues are ignored by the model
In a firm where assets are the major cost how is profit maximized?
By increasing revenues or the cost of the assets.
How is the net delivered cost of purchases computed?
To calculate the net delivered cost of purchase, one would add purchases and freight in and then deduct purchase returns & allowances and then deduct purchase discounts.
What are revenues minus costs?
Revenue - Cost = Gross profit
How is the cost of modern roadways defrayed?
They use tax revenues.
What does net income equals?
revenues minus cost of goods sold.
When total revenues exceed total cost a business has registered?
A loss.
When total cost exceeds total revenues a business has registered?
A loss.
How do you calculate contribution margin ration if you're only given revenues and fixed costs not selling price?
Revenues Less: Variable cost Contribution Margin Less: Fixed Cost Net Income
When a firm's marginal revenues are higher than its marginal cost?
Marginal cost is
