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3 years ago

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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Bonner Automotive has shareholders' equity of $218,700. The firm owes a total of $141,000 of which 40 percent is payable within

MA_775_DIABLO [31]

Answer:

$93,500

Explanation:

Net Working Capital = Current Assets - Current Liabilities

Current Assets = Total Equity + Liability - Fixed Assets

= $218,700 + $141,000 - $209,800 = $149,900

Current Liability = $141,000 X 40% = $56,400

As out of total due 40% is payable within a year, which means it is current liability.

Net working capital = $149,900 (current assets) - $56,400 (current liability)

= $93,500

6 0

3 years ago

On January 2, Cohan Company acquired 37% of the outstanding stock of Sanger Company for $715,500. For the year ended December 31

anzhelika [568]

Answer:

Explanation:

check the file attached for solution i hope it helps

Download docx

5 0

4 years ago

Suppose that a pharmaceutical company wants to grow in size but is constrained in the short run by its production capacity. What

Natasha_Volkova [10]

Answer:

Build more factories, Expand the size of current factories, Use cheaper materials

Explanation:

Long run is not a precise period of time thereby meaning it could span from a year to eternity, which is adequate time to plan and grow. Building more factories will increase the growth in size for the capacity for more production as well as expanding the size of the current factories. Due to the fact that there is a constraint of production capacity the company should look for alternatives in production technology in the long run so as to reduce cost of materials but with the same production quality.

6 0

4 years ago

Read 2 more answers

On June 1, 2017, Pharoah Company was started with an initial investment in the company of $22,350 cash. Here are the assets, lia

guapka [62]

Answer:

Pharaoh Company

Income statement

For the year ended June 30, 2017

Revenue & Gains Amount

Service Revenue $7,910

Total revenue & gains (A) $7,910

Expense and losses:

Salaries and wages expense $1,810

Advertising expense $400

Supplies expense $2,370

Utilities expense $270

Maintenance and repair expense $630

Total expense (B) <u>$5,480</u>

Net Income (A - B) <u>$2,430</u>

6 0

3 years ago

The following information was available for Kingbird, Inc. at December 31, 2017: beginning inventory $70000; ending inventory $1

photoshop1234 [79]

Answer:

Inventory turnover ratio = 7.2 times

Explanation:

Given:

Beginning inventory = $70,000

Ending inventory = $108,000

Cost of goods sold = $644,000

Sales = $888,000

Find:

Inventory turnover ratio

Computation:

Average inventory = [Beginning inventory + Ending inventory] / 2

Average inventory = ($70,000 + $108,000) / 2

Average inventory = $89,000

Inventory turnover ratio = Cost of goods sold / Average inventory

Inventory turnover ratio = $644,000 / $89,000

Inventory turnover ratio = 7.2 times

5 0

3 years ago