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ikadub [295]
3 years ago
12

How do you find your revenue and profit doing equations?

Business
1 answer:
ryzh [129]3 years ago
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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Based on the information given, it should be noted that all proceeds are income tax free in the year that they're received.

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For federal tax purposes regarding lump-sum life insurance benefits, it should be noted that all proceeds are income tax free in the year that they're received.

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Therefore, if the carpet cleaners are at the door even though they had come in last week, it is better to inform the manager at the company and let the management group handle the situation.
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