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When a firm's expenses are greater than its sales revenue the firm has a?
When a firm spends more than it gains in revenue it is called a LOSS.
Why a budget line sloping downward?
Because the expenses are greater than the income.
What is the relationship between income and expenses before a break-even point is reached?
Before the break even point, total expenses exceed total income and there is a loss made.
What occurs when the interaction and outcome of team members is greater than the sum of their individual efforts?
Synergy
Is 2 miles less than or greater than 10500 feet?
greater than
What occurs when revenue is greater than expenses?
profit
Does net loss occurs when expenses are less than revenue?
Net Income : When Revenue is greater than Expenses. Net loss : When Expenses are greater than Revenue. References : Basic Accounting (111) Book .
When revenue is greater than expenses what is it called?
Loss or a deficit.
What is it called when your expenses are greater than your revenue on an income statement?
loss
When a firm's expenses are greater than its sales revenue the firm has a?
When a firm spends more than it gains in revenue it is called a LOSS.
What is the opposite of Deficit?
The opposite of a deficit is a surplus. A deficit occurs when a country's expenses are greater than their revenues. A surplus is the opposite.
What must be bigger than what if a business is to make a profit?
For a business to make a profit, its total revenue must be greater than its total expenses. This means that the income generated from sales and services must exceed all costs associated with operating the business, including production, labor, and overhead costs. If expenses surpass revenue, the business will incur a loss.
If expenses are greater than income there is no what?
There is no profit.
Will a firm experience a loss when its revenue is less than its expenses?
Yes, a firm will experience a loss when its revenue is less than its expenses. This occurs because the costs of operating the business exceed the income generated from sales or services. As a result, the firm is unable to cover its operational costs, leading to negative financial performance. Consistent losses can threaten the firm's viability and sustainability.
Does a revenue account have a debit balance?
When your expenses are more than your revenues, the revenue account will be a debit balance. You have lost money!
When does a revenue account have a debit balance?
When your expenses are more than your revenues, the revenue account will be a debit balance. You have lost money!
Why would companies increase revenue rather than reduce expenses?
Increasing revenue is indicative of a growing company. ALL companies should try to reduce expenses... regardless of growth.
