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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.
Why a budget line sloping downward?
Because the expenses are greater than the income.
How hard is gold?
Gold can be both soft and hard depending on how pure it is, pure gold (24K) is softer than a gold alloy. And the lower the number the harder it is. 10K is harder than 14K, 14K is harder than 18K, and 18K is harder than 24K (pure gold).
What occurs when expenses are greater than revenue?
loss
What portion of total income earned by Americans is unearned income or income other than earned income?
Mmhg
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.
If expenses are greater than income there is no what?
There is no profit.
How do you use expenses in a sentence?
My expenses are more than my income; meaning that I spend more than I bring in.
What is the difference amount of expense over income called when income exceeds expense?
Expenses more than income is called "Loss" Income over expenses called "Profit"
What is a sentence using the word expenses?
Example sentence - His expenses were more than his income.
What is us deficite?
The difference, on a yearly basis, between the budget (expenses) for the federal government of the United States and revenues (income). When the expenses are more than the income, the difference is called the deficit. When the income is more than the expenses, the difference is called a surplus.
What is the us deficit?
The difference, on a yearly basis, between the budget (expenses) for the federal government of the United States and revenues (income). When the expenses are more than the income, the difference is called the deficit. When the income is more than the expenses, the difference is called a surplus.
What is it called when income is more than expenses?
profit
If expenses are greater than income there's no?
There is no money.
What is it called when your expenses are greater than your revenues on an income statement?
loss
What is it called when your expenses are greater than your revenue on an income statement?
loss
What is the difference between loss and expences?
An expense is money you pay to but something, a good or a service.A loss is when you balance expenses against income and find out that there was less income than your expenses.
