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MArishka [77]
3 years ago
12

What is the difference between profit and revenue?

Business
1 answer:
maria [59]3 years ago
7 0

Answer:

Revenue is the total amount producers receive after selling a good. Profit is the total amount producers earn after subtracting the production costs.

Explanation:

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When looking for a job, taking initiative will help your search efforts. true or false?
BartSMP [9]
The answer is true. Hope this helps.
3 0
3 years ago
What is the differences and similarities between rental goods services and non goods services
alexira [117]

Answer and Explanation:

Rented-Goods Services are represented by retailom where consumers can own a good, or use a service for a specified time. As an example of this, we can mention hotel rooms, ski clothes, cars, houses, among others.

Nongoods Services are also represented by retail, but it presents personal services, where consumers can try them, judge them and then decide if they want to own them.

4 0
2 years ago
The trading principle formulated by adam smith maintained that:
erma4kov [3.2K]
The correct answer is D. Absolute cost differences regulate the immediate basis for trade
Absolute gain is the ability of a country, separate, company or region to make a good or service at a lower cost per unit than the cost at which any other individual produces that same good or service.
6 0
3 years ago
When the market is more optimistic about a firm, its share price will ______; as a result, it will need to issue _______ shares
galben [10]

Answer:

The answer is rise, fewer

Explanation:

When the market is more optimistic about a firm, its share price will RISE OR INCREASE as a result, it will need to issue FEWER shares to raise funds that are needed.

Share price can increase as a result of positive economic environment. For example, the company is making consistent profit, prevailing economic or environmental conditions are favouring the company.

When this happens, company will issue lower shares to raise fund because many investors will be looking to buy their shares.

6 0
3 years ago
The following annual amounts pertain to the Wolf Company: Estimated Overhead Costs $ 101,988 Estimated Direct Labor hours 67,992
mezya [45]

Answer:

under applied by $1,000.

Explanation:

The formula is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

= $101,998 ÷ 67,992 hours

= $1.50

Now we have to find the applied overhead which equal to

= Actual direct labor-hours × predetermined overhead rate

= 70,000 hours × $1.50

= $105,000

So, the ending overhead equals to

= Actual manufacturing overhead - actual overhead

= $106,000 - $105,000

= $1,000 under-applied

8 0
3 years ago
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