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3 years ago

How gross profit or loss is calculated

Business

1 answer:

vampirchik [111]3 years ago

8 0

Answer: See explanation

Explanation:

The Gross Profit for a company simply refers to the income that a particular company has left after the company has paid it's direct expenses that was incurred during production.

The formula to calculate the gross profit is:

Gross Profit = Revenue – Cost of Goods Sold.

In a case whereby the cos of goods sold is more than the revenue, we will get a gross loss.

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Why is a free rider a type of market failure?

RoseWind [281]

Answer:In the social sciences, the free-rider problem is a type of market failure that occurs when those who benefit from resources, public goods, or services of a communal nature do not pay for them. Free riders are a problem because while not paying for the good, they may continue to access it.

Explanation:

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3 years ago

Gator Corporation manufactures several types of accessories. For the year, the gloves and mittens line had sales of $489,000, va

Ne4ueva [31]

Answer:

The analysis indicates that Gator should manufacture gloves and mittens otherwise loss will be increased by $24,900

Explanation:

Given Data:

sales = $489,000,

variable expenses = $360,000

fixed expenses = $140,000.

Continue Eliminate Net Income

Increase (Decrease)

Sales $489,000 0 -$489,000

Variable costs $360,000 0 $360,000

Contribution margin $129,900 0 -$129,900

Fixed costs 140,000 $35,000 $105,000

Net income -$10,100 -$35,000 -$24,900

The analysis indicates that Gator should manufacture gloves and mittens otherwise loss will be increased by $24,900

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4 years ago

Which of the following is not true about the law of diminishing returns? It is a short run phenomenon. It refers to diminishing

Natasha2012 [34]

Answer:

All of the above are true.

Explanation:

The law of diminishing returns was first formulated by the classic economist David Ricardo. It presupposes a technical relationship between input and output, which is not scientifically demonstrable but only empirically. In practice, in a generic production system, at any contribution of any factor, that is, land, labor, capital, machines, etc. there is no proportionally increasing production increase.

Normally it is assumed that the law does not always come into operation but only when the variable input exceeds a certain threshold. For example, the increase of workers on an assembly line certainly allows a proportional increase in production, but only until the entire system begins to suffer from malfunctions due to logistics or work organization, precisely because of the its getting bigger. Large industrial plants have shown that they must be divided into sections, however coordinated, precisely because of the decreasing returns. This is because the increase in the number of workers and the mass of the plants does not correspond to a consequent increase in production.

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3 years ago

1. Describe the value of an education.

Colt1911 [192]

Well you need an education to get a job and make money to survive, if you want to lets say work at a fast food place then you need to know math, and ALGEBRA to combine foods and stuff. If you want to be a reporter then you'll need to know English language arts. Basically you'll need an education for any job you get.

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3 years ago

Can someone sell a car that is not registered to their name

postnew [5]

No. Someone can not sell a car legally if it is not registered to their name.

5 0

3 years ago

How gross profit or loss is calculated​

How gross profit or loss is calculated