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3 years ago

How do you calculate business profit?

Business

1 answer:

oksano4ka [1.4K]3 years ago

3 0

Answer: B. Subtract costs from revenue.

Explanation: The profit generated or earned by a business refers to the excess of cost incurred in running the business or cost involved in production. Therefore, the revenue generated from sales must exceed the cost incurred in the production of the sold goods before business profit can be realized. The revenue is the total amount realized from sales

In simple terms,

Business profit can be expressed as ;

Total Revenue - Total expenses (cost)

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Lisa Smith has her age listed on her driver's license as being three years younger than it actually is. This is also how old she

Pani-rosa [81]

Answer:

Misstatement of age

Explanation:

Based on the information provided within this question it can be said that the term that describes what is happening in this situation would be Misstatement of Age. Like mentioned in the question this is a provision in many life insurance policies which adjusts the individuals premium to the actual price based on their age if there was an error with the individuals age in the policy. Which is exactly what has happened to Lisa Smith.

If you have any more questions feel free to ask away at Brainly

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3 years ago

Explain the fiscal policy actions used to stimulate the economy during a recession. What is this type of fiscal policy called?

AysviL [449]

My cat wishes you luck. She said you deserve all the cat food in the world

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3 years ago

Sarah is planning her wedding. She and her fiancé have signed a contract with a caterer that calls for them to tell the caterer

nydimaria [60]

Answer:

204 guest

Explanation:

The overage cost is $60 because ordering a plate for a guest that doesn’t show up costs $60. The underage cost is = $85 – 60 = $25, because not committing to a guest that does show up costs an extra $25. The critical ratio is 25/(60 + 25) = 0.2941. From the table, and , so the optimal number of guests to commit to is 204.

7 0

3 years ago

Read 2 more answers

Flounder Corporation owns machinery that cost $26,400 when purchased on July 1, 2017. Depreciation has been recorded at a rate o

Alecsey [184]

Answer:

A. Dr Depreciation Expense $2,123

Cr Accumulated Depreciation $2,123

B. Dr Cash $13,860

Dr Accumulated Depreciation$13,211

Cr Machiner$26,400

Cr Gain on Disposal of Machinery$671

Explanation:

Preparation of the journal entries to (a) update depreciation for 2021 and (b) record the sale.

A. Preparation of the journal entries to (a) update depreciation for 2021

Dr Depreciation Expense $2,123

Cr Accumulated Depreciation $2,123

(3185*8/12)

B. Preparation of the journal entries to record the sale

Dr Cash $13,860

Dr Accumulated Depreciation$13,211

($11,088+$2,123)

Cr Machiner$26,400

Cr Gain on Disposal of Machinery$671

[($13,860+$13,211)+$26,400]

7 0

3 years ago

The shareholders’ equity of Tru Corporation includes $540,000 of $1 par common stock and $1,140,000 par of 7% cumulative preferr

Dmitry_Shevchenko [17]

Answer:

$12,600

Explanation:

Annual Dividend to preferred stock = $1,140,000 × 7%

= $79,800

A schedule of preferred stock dividend in Arrears is as follows :

Dividend Paid Arrears

2016 $79,800 $54,000 $25,800

2017 $79,800 $54,000 $51,600

2018 $79,800 $131,400 0

Dividends of $131,400 has to be paid in 2018 to cover all the arrears.

Principle : Preference dividends (and their arrears if cumulative) are paid first before dividends distribution to common stock holders.

Common Stock Holders receive the remaining amount of dividends of $12,600 ($144,000 - $131,400)

7 0

3 years ago