0
Revenue (sometimes called sales) refers to all the money a company makes while doing its business be it producing goods or delivering services. Some other sources of funds including investment gains are also referred to as revenuewhich is reflected as part of its "gross income." Profit is the amount of money that the company has left over, if any, after it' pays off all costs of doing business which includes raw materials, taxes, interest on loans, other routine expenses, remuneration to its staff, etc.. Profit is also referred to as "Net income"
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
The difference between total revenue and total cost?
profit or loss
What is marginal profit?
In economics, marginal profit is the difference between the marginal revenue and the marginal cost of producing an additional unit of output.
When a perfectly competitive firm is at its profit maximising level of output it is?
maximizing the difference between total revenue and total cost
What is the difference between Cost of revenue and revenue?
m mnmk
Why does average cost include profit?
it doesn't cost is cost revenue is revenue
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".
The difference between total revenue and total cost?
profit or loss
What is the difference between cost and revenue?
Revenue is the profit made from an activity, while cost is the price something is.
What does profit mean in math?
Profit is revenue minus costs. In merchandising, you have to pay for the items you sell, and you charge a higher amount to your customers. The difference between what you pay for them (cost) and what you get for selling them (revenue)_ is your profit. ■
What is marginal profit?
In economics, marginal profit is the difference between the marginal revenue and the marginal cost of producing an additional unit of output.
What is economical profit?
Difference between revenue received from sale of an output & the opportunity cost of inputs used. (EVA)
What is the difference between gross margin and net profit?
Gross Margin = (Gross Profit/Sales)*100 Gross Profit = Revenue - Cost of Sales Net Profit = Revenue - Expenses Or in words, the Gross Margin is an expression of the Gross Profit as a percentage of Sales, where the Gross Profit is Sales minus the Cost of Sales. The Net Profit, on the other hand, is Revenue minus ALL Expenses (including cost of sales).
When a perfectly competitive firm is at its profit maximising level of output it is?
maximizing the difference between total revenue and total cost
What is the difference between Cost of revenue and revenue?
m mnmk
What is the difference between the revenue that a company brings in from selling goods and services and the cost of generating this revenue called?
For a normal business it is Profit or Loss (depending upon which is greater) For a non-profit organisation (eg a Charity) it is Surplus or Deficit.
What is the Difference between Normal profit and Economic Profit?
In economics, normal profit is often called the break-even point. It is the level of profit where all of the costs of your business, including the salary of the CEO, are covered. When a firm has normal profit but not economic profit, the total revenue of the firm equals the total cost of the firm. However, if a firm has economic profit, total revenue is higher than total cost.
Why does average cost include profit?
it doesn't cost is cost revenue is revenue
