Revenues - Asset
Expenses - Liability
The firm's total profit for this year based on the firm's current level of production is $180.
<h3>What is the total profit?</h3>
The total profit is the difference between sales revenue and total (variable and fixed) costs.
<h3>Data and Calculations:</h3>
Sales revenue = $300
Variable costs = (70)
Contribution $230
Fixed costs (50)
Total profits $180
Thus, the firm's total profit for this year based on the firm's current level of production is $180.
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Relative link can be inserted.
A relative link thinks that the page to which you're connected is the website and folder to which you've posted the web page. This link is under the same website URL and folder (Articles) as this page, thus we only refer to it by this link. There are two advantages of using relative references versus absolute references.
A Relative Reference is a partial http address that is a portion of a whole directory path. Remember that if no server name or path is supplied in html, the file reference will default to the current directory.
Therefore the answer is relative link.
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