All categories

2 years ago

What is the difference between profit and revenue?

Business

1 answer:

maria [59]2 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:

You might be interested in

Menlo Company distributes a single product. The company’s sales and expenses for last month follow: sales 616,000 net operating

DerKrebs [107]

Answer:

Explanation:

Giving the following information:

The company’s sales and expenses for last month follow: sales 616,000 net operating income 31,200

Break-even point= fixed costs/ contribution margin

Break-even point (dollars)= fixed costs/ contribution margin ratio

Contribution margin= selling price - unitary variable cost

Contribution margin ratio= contribution margin/ selling price

6 0

3 years ago

Importance of economic growth

svlad2 [7]

Answer:

Economic growth generates job opportunities and hence stronger demand for labour, the main and often the sole asset of the poor. In turn, increasing employment has been crucial in delivering higher growth.

8 0

1 year ago

If the money supply is $500 and nominal income is $3,000, the velocity of money is A. 1/60. B. 1/6. C. 6. D. 60.

algol [13]

Answer:

The correct option is c.6

Explanation:

For computing the velocity of money, the following formula should be used which is shown below:

The Velocity of money = Nominal income ÷ money supply

where,

Nominal income is $3,000

and, the money supply is $500

Now put these values to the above formula so that we can find out the answer

So, the answer would be equal to

= $3,000 ÷ $500

= 6

Thus, the velocity of money is 6

Hence, the correct option is c.6

5 0

3 years ago

If labor cost are 55,000 dollers for concession staff, 82,500 dollers for security and 45.000 for parking lot operations and 49,

Pani-rosa [81]

Answer:

43%

explanation:

add them all up for x. then add the concession and parking lot costs for y. finally divide y/x.

Explanation:

7 0

3 years ago

An important application of regression analysis in accounting is in the estimation of cost. By collecting data on volume and cos

gulaghasi [49]

Answer:

(1) $\text{Total Cost}=1246.67+7.60\ \text{Volume}$

(2) The variable cost per unit produced is $7.60.

(3) The coefficient of determination is 0.96 or 96%.

(4) The estimated total cost is $5,046.67.

Explanation:

A regression analysis for the provided data is performed on Microsoft Excel.

The output is attached below.

(1)

The estimated regression equation that could be used to predict the total cost for a given production volume is:

$\text{Total Cost}=1246.67+7.60\ \text{Volume}$

(2)

The variable cost per unit produced is given by the slope of the line.

The slope of a regression line represent the value of the dependent variable for one unit of the independent variable.

So, the variable cost per unit produced is $7.60.

(3)

Consider the regression output attached.

The coefficient of determination is 0.96 or 96%.

This implies that the percentage of the variation in total cost that can be explained by production volume is 96%.

(4)

For Volume = 500 units predict the total cost as follows:

$\text{Total Cost}=1246.67+7.60\ \text{Volume}$

$=1246.67+(7.60\times 500)\\\\=1246.67+3800\\\\=5046.67$

Thus, the estimated total cost is $5,046.67.

4 0

3 years ago