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What is the basic financial equation for businesses?
Revenue-expenses= profit or loss. Hope this helps!(:
A total of twenty two thousand was invested a profit of seven percent was made on the first and two percent on the second investment total profit was nine hundred twenty what was the amount of each?
x + y = 22000 {equation 1} [where x & y are the 2 investments] 1.07x + 1.02y = 22920 {equation 2} [after the profit was made] Multiply equation 1 by 1.07 1.07x + 1.07y = 23540 {equation 3} {equation 3} - {equation 2} 1.07x - 1.07x + 1.07y - 1.02y = 23540 - 22920 0.05y = 620 y = 12400 Sub this into {equation 1} x + 12400 = 22000 x = 9600 The original investments were $9600 and $12400 respectively.
What do the numerals mean in an equation?
Numerals are what MAKE the equation.
What does profit mean in math terms?
profit = selling price - (cost of buying + overheads)
What does solve an equation mean?
an equation is a number sentence with and = sign
What is the general equation for income?
Profit-Cost=Income
How can you apply mathematical equation in business?
Profit = total revenue - total costs is the fundamental mathematical equation for business.
What would be the equation if I was to aim for highest sales made instead of profit?
There would be no sensible equation: it would be sales = ∞
what-A t-shirt company sells two types of shirts. Its average daily profit can be modeled by the equation 8x + 12y = 832.A soil company sells two types of topsoil. Its average daily profit can be modeled by the equation 16x + 24y = 1,664?
The t-shirt company's average daily profit equation is 8x + 12y = 832. The soil company's average daily profit equation is 16x + 24y = 1,664. These equations represent the profit generated from selling x units of the first type and y units of the second type of product for each company.
What relationship is there between the accounting equation and the balance sheet?
The relationship between the accounting equation and the balance sheet is the NET PROFIT. ( I THINK :/ )
What do you mean by cash profit?
Cash profit means profit after tax plus depreciation.
What is the basic financial equation for businesses?
Revenue-expenses= profit or loss. Hope this helps!(:
What does monthly profit mean?
a monthly profit means to make a profit every month in a company.
What does profit margin mean?
Profit margin means the amount of profit you make measured in a percentage. This can include:Gross Profit marginNet Profit marginMarkup Profit margin
What does profit-free mean?
== == ) =] =( =[ ===
A total of twenty two thousand was invested a profit of seven percent was made on the first and two percent on the second investment total profit was nine hundred twenty what was the amount of each?
x + y = 22000 {equation 1} [where x & y are the 2 investments] 1.07x + 1.02y = 22920 {equation 2} [after the profit was made] Multiply equation 1 by 1.07 1.07x + 1.07y = 23540 {equation 3} {equation 3} - {equation 2} 1.07x - 1.07x + 1.07y - 1.02y = 23540 - 22920 0.05y = 620 y = 12400 Sub this into {equation 1} x + 12400 = 22000 x = 9600 The original investments were $9600 and $12400 respectively.
How do you calculate profit loss?
The basic equation goes: Gross Revenues - (Operational Costs + Cost of Goods Sold + Payroll + Depreciation/Amortization + Taxes) = Profit or (Loss)
