How do you find your revenue and profit doing equations?

1 answer:

5 0

Profit is different from revenue since you need to invest your money (called 'cost') to manufacture goods or services. So, a simple equation for 'revenue':

Profit = Revenue - Cost.

Lets say you are the basketball manufacturer who sells one ball for 30 dollars. And if you sell 100 balls, your revenue will be 3,000 dollars. However, to make 100 balls, it may be required to pay about 1,000 dollars for labors, rentals, machines, leathers, distributions, etc. So, your profit will be 2,000 dollars (3,000 revenue - 1,000 cost).

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Paul is exchanging a building with a market value of $600,000.00 and an adjusted basis of $450,000. He is exchanging it for an a

alukav5142 [94]

Answer:

Carpenter will have to pay taxes for a recognized gain of $150,000

Explanation:

When you are calculating taxes, you must use the adjusted a¿basis of the buildings.

Paul is exchanging a $450,000 building + $75,000 in cash for a $375,000 office building.

Paul's realized loss = $525,000 - $375,000 = $150,000

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3 years ago

________is one area of strategic decision making that "considers inventory ordering and holding decisions and how to optimize th

atroni [7]

Answer:

The correct answer is letter "C": Inventory management.

Explanation:

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Inventory management is important so that suppliers can schedule their operations and consumers can have the goods that satisfy their needs available.

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3 years ago

A $200 petty cash fund has cash of $20 and receipts of $177. The journal entry to replenish the account would include a credit t

IRISSAK [1]

A $200 petty cash fund has cash of $20 and receipts of $177. The journal entry to replenish the account would include a credit to:

d. Cash for $180

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3 years ago

Read 2 more answers

what is the accounting measurement of an insurance company's future obligations to its policy owners?

zvonat [6]

Answer:

provisions / accruals

Explanation:

see above in the answer, both mean basically the same but in insurance terms accrual is more correct

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3 years ago

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