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3 years ago

What is gross profit?

2 answers:

7 0

Gross profit is the revenue, which means the accounts receivable/what they are earning subtracted by the cost of goods sold, or as some people call, expenses. In other words, it is the income statement.

Vadim26 [7]3 years ago

5 0

Gross profit is the total revenue generated by a business or financial activity less the variable costs that involve this activity. It is an accounting identity that serves as an indicator of the financial health of the business.

To understand gross profit, you need to understand what costs and revenue entail. Costs are classified in fixed costs and variable costs. Fixed costs are those costs that exist independently of production, such as electricity bills and water bills. Variable costs are those costs that involve the production process, that is, cost of items used to produce the goods.

For example, imagine a bakery. The revenue is the total received by the sale of bread. Gross profit is total revenue minus variable costs, such as wheat and labor. And net profit involves total revenue less variable costs and also fixed costs, which involve facilities, taxes, etc.

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Why is energy needed for economic development of a country

SCORPION-xisa [38]

Answer:

i hope it will help you

Explanation:

energy is needed for economic development of a country because Energy is a key source of economic growth because many production and consumption activities involve energy as a basic input. Energy is one of the most important inputs for economic development. ... Some analysts argue that growth in energy use directly causes growth in GDP.

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3 years ago

Standing in a campus courtyard with a clipboard to record your observations of students' usage of their cell phones is an exampl

Ksju [112]

Standing in a campus courtyard with a clipboard to record your observations of students' usage of their cell phones is an example of ''Field research''.

Observing, interacting with, and understanding people when they are in a natural setting is the goal of field research, It is a qualitative approach of data collection. Natural resource conservationists, for instance, study animal behavior and response to various situations in their natural habitats.

Contrary to what is commonly referred to as experimental or lab research, field research methods include participant observation, data collection, and survey research. That's why Field research complements desk research, improves academic rigor, theories, and procedures, and offers a new perspective on conflict.

To learn more about field research here

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1 year ago

If a product is bulky or heavy, transportation costs increase, and unless the product has an extremely high value-to-weight rati

anygoal [31]

Answer:

If a product is bulky or heavy, transportation costs increase, and unless the product has an extremely high value-to-weight ratio, the LEAST effective strategy would be a. exporting.

Explanation:

If the cost of transporting the product to another country is too high because of its weight, exporting it may not be a good idea since the product would become less profitable and thus the manufacturer could not compensate for its cost of production, making the company lose money.

6 0

3 years ago

What is the pre-designation of some quantity of a measured attribute or characteristic that must be achieved for a predetermined

noname [10]

Answer: Action Standard

Explanation:

Action Standard is the pre-designation of some quantity of a measured attribute or characteristic that must be achieved for a predetermined action to take place. It also entails making important decisions before you collect information, and they serve as clear guidelines for action once the data have been collected.

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3 years ago

After the defendant's attorney has finished calling witnesses, the plaintiff's attorney can call witnesses and put forth evid

sertanlavr [38]

Answer:

D. rebuttal

Explanation:

After the defendant's attorney has finished calling witnesses, the plaintiff's attorney can call witnesses and put forth evidence to rebut the defendant's case. This is called a rebuttal. Rebuttal is the argument a plaintiff's attorney makes to weaken the case of the defense counsel. It involves the presentation of evidences to contradict or nullify whatever point or submissions that have been made by the defense attorney.

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3 years ago