Total revenue minus the costs of production, which are the explicit and implicit together, is profit. The answer is profit.
Lynch Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations:
Variable costs per unit:
Manufacturing:
Direct materials $ 6
Direct labor $ 9
Variable manufacturing overhead $ 3
Variable selling and administrative $ 4
Fixed costs per year:
Fixed manufacturing overhead $ 300.000
Fixed selling and administrative $ 190.000
During the year, the company produced 25,000 units and sold 20,000 units. The selling price of the company's product is $50 per unit.
The four steps of writing an income declaration are: to identify sources of sales, in addition to profits from investments, for an instance pick out business enterprise prices and losses incurred over the same period. Consolidate sales, charges, profits, and losses by means of category, payee, or some other factor.
Learn more about Income statements here:-brainly.com/question/1798830
#SPJ4
The answer in the space provided is carrying capacity as this is what is being threatened in the scenario above because the carrying capacity is a way of establish what the environment can hold or provide with a limited amount of people and when if there is a presence of population growth that is high, it could be threatened.
That answer is True because it says that the lowest possible quality and it is true