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profit
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∙ 14y ago
JIMMY EDGE22
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Profit is calculated by subtracting costs from?
Profit is calculated by subtracting operating costs from gross revenues.
What does revenue mean in math?
The revenue is the amount of money a company actually recieves. It is the the number before costs are subtracted.
Why are profit maximize when marginal revenue is equal to marginal cost?
Profits are maximized when marginal costs equals marginal revenue because fixed costs are now spread over a larger amount of revenue. This means that total cost per unit declines and profits increase. Another way to say this is that this is the effect of scale. When marginal revenue equals marginal costs, in a growing revenue situation, you gain economies of scale and higher profits.
Examples of capital expenditure and revenue expenditure?
Capital expenditures are included in fixed asset costs. Examples of capital expenditures are purchase costs, legal charges delivery charges, and installation charges. Revenue expenditures include maintenance charges, renewal expenses, repair costs, and repainting costs.
Are product costs deducted from revenue when the prodction process is completed.?
yes
Profits is calculated by subtracting costs from what?
Profit is calculated by subtracting costs from revenue.
Is Economic profit is found by subtracting accounting costs from total revenue?
yes
Economic profit is found by subtracting accounting costs from total revenue?
True
Why is revenue important to all business's?
Revenue is important because it tells you how much money overall is coming into the business and after subtracting the costs you can see what your overall profit is.
Is net earnings equal to net income?
I believe so. Net Income is equal to the income that a firm has after subtracting costs and expenses from the total revenue.
Profit is calculated by subtracting costs from?
Profit is calculated by subtracting operating costs from gross revenues.
What calculates opportunity costs?
Finding the value of the best option that is not chosen. apex
What is net income and net cash flow?
Net Income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. It can refer to the total of all the flows involved or to only a subset of those flows.
What is revenue minus costs?
Profit
Profits will be maximized when marginal revenue?
Profits will be maximized when marginal revenue is equal to marginal costs. This will only happen in cases where there are fixed costs.
What is the break even revenue?
Amount of revenue that is needed to cover all of the fixed costs.
Calculate costs as a percentage of revenue?
15%
