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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.
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 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%
