0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Profits is calculated by subtracting costs from what?
Profit is calculated by subtracting costs from revenue.
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.
The amount of money earned after subtracting the costs associated with that earning is known as?
profits
How is total revenue calculated?
Total revenue is calculated by multiplying the price of the product sold by the quantity sold. PQ = R. Total profit is total revenue minus costs incurred. R-C = P
What happens to tens digit and the ones digit when you subtract?
The answer will depend on what you are subtracting! The answer will depend on what you are subtracting! The answer will depend on what you are subtracting! The answer will depend on what you are subtracting!
Profits is calculated by subtracting costs from what?
Profit is calculated by subtracting costs from revenue.
Subtracting costs from revenue calculates?
profit
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.
How can one determine and calculate economic profit in a business?
To determine economic profit in a business, subtract total costs (including both explicit and implicit costs) from total revenue. Economic profit is calculated by subtracting all costs, including opportunity costs, from total revenue.
How do you calculate economic profit and what factors are considered in determining it?
Economic profit is calculated by subtracting both explicit costs (such as wages and rent) and implicit costs (such as opportunity costs) from total revenue. Factors considered in determining economic profit include production costs, revenue generated, and the value of alternative opportunities foregone.
How can one determine economic profit by analyzing a graph?
To determine economic profit by analyzing a graph, one can look at the intersection point of the total revenue and total cost curves. Economic profit is calculated by subtracting total costs from total revenue. If the total revenue is higher than total costs, there is economic profit. If total costs are higher, there is economic loss.
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.
How is economic profit determined and what factors contribute to its calculation?
Economic profit is determined by subtracting all explicit and implicit costs from total revenue. Factors that contribute to its calculation include production costs, opportunity costs, and the competitive environment.
Profit is calculated by subtracting costs from?
Profit is calculated by subtracting operating costs from gross revenues.
How is marginal revenue calculated and what factors influence its determination in a business setting?
Marginal revenue is calculated by subtracting the total revenue from the previous level of output from the total revenue from the current level of output. Factors that influence its determination in a business setting include pricing strategies, market demand, competition, and production costs.
