1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Olegator [25]
4 years ago
5

How does a firm calculate its profit?

Social Studies
2 answers:
Illusion [34]4 years ago
5 0

Answer and Explanation:

What is Profit:

Profit is a positive value for revenue minus costs. (A negative difference always shows a loss.)

How is profit calculated in a firm:

The easiest way to find profit is to take the total revenue of the business and minus the total cost of the business. Hence, Profit = Total Revenue – Total Cost.

The total revenue or TR, is calculated from the price of a goods multiplied with the quantity of goods sold. While the total cost, or TC, is the sum of fixed cost and variable cost incurred. Hence, now the equation becomes as follows

Profit = P.Q - (Fixed Cost + Variable Cost).


kondor19780726 [428]4 years ago
4 0

Answer:

Total revenue minus total cost

Explanation:

I just got 100% on this test

GradPoint

You might be interested in
Why did the Native Americans not feel threatened with removal by the army?
Sveta_85 [38]

Answer: The judicial branch had supported their position.

Explanation: As a last resort they planned to bring suit before the Supreme Court because they felt that why should they be expelled from their lands when they no longer threatened white settlements and could compete with them on many levels? They intended to fight their ouster, and they figured they had many ways to do it.

The Supreme Court ruled that The Native Americans were “domestic dependent nations,” subject to the United States as a ward to a guardian. The territory was part of the United States but not subject to action by individual states. However, the missionaries encouraged them to stand fast. When the Native Americans read Marshall’s decision, they had honestly believed that the Nation had won the case, that Georgia lacked authority to control their lives and property, and that the courts would protect them.

5 0
3 years ago
Tony is playing basketball with some friends. a stranger walks onto the basketball court and pulls out a gun. the stranger tells
e-lub [12.9K]

Based on this situation, if Tony is charged with the crime, the element of his defense that might be at issue are the following;

<span>·         </span>Nature of threat – this is defined as a non-manmade incident that is caused by a process of a natural environment or caused by biological, geological or meteorological conditions.

<span>·         </span>Level of belief regarding the threat – this is the belief of an individual in regards to a certain threat that he or she may be associated to.

<span>·         </span>Immediacy of the threat – this is referred to as a way of an individual’s response to a certain threat.

4 0
3 years ago
Which of the following would you use to recover an ancie
muminat

Answer:

c A long shovel

Explanation: to dig them up

6 0
3 years ago
This is a crossword assignment for psychology
nata0808 [166]

Observational studies study patients without manipulating or intervening during the research. They are used in research to help formulate new hypotheses or <em>theories</em> to be tested in further controlled experiments. This often leads to new information and facilitates the development of new <em>research</em>.


6 0
3 years ago
Each part of the roman empire was known as a what
Ilya [14]

Answer:

it was the most extensive political and social structure in western civilization

Explanation:

8 0
3 years ago
Other questions:
  • Identify and briefly explain one instance where local sub saharan culture resisted assimilation with islam
    6·1 answer
  • The opposite of hyperbole, ______ involves downplaying a fact or event.
    6·2 answers
  • Which is a metaphoric rock formed from shale
    12·2 answers
  • To avoid the classic design mistake of “silver bullet syndrome,” the analyst should _____. Select one: a. increase the schedule
    6·1 answer
  • Can you become addicted to stress?
    5·2 answers
  • Which of the following uses a non renewable energy resource a windmill power plant fruit orchard d swimming pool
    5·2 answers
  • What is one difference between the brothers old He and
    7·1 answer
  • What is an undocumented alien?
    5·2 answers
  • Which country, now a parliamentary government, was once a racial oligarchy ruled by the white citizens?
    6·2 answers
  • Which is the first step in creating a federal budget?
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!