1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Andru [333]
3 years ago
12

What is the difference between revenue and profit?

Business
1 answer:
Talja [164]3 years ago
5 0

Answer:

Revenue is the total amount generated by the sales of goods or by services related to company's primary operations. However, profit is the amount of income left after accounting for all expenses, debts and etc.  

You might be interested in
Select all that apply On November 1, 2019, Movers, Inc., paid $24,000 for 2 years' rent beginning on November 1 (assume rent is
Mariana [72]

Answer:

Rent expense of $2,000

Prepaid rent of $22,000

Explanation:

Since we were told that On November 1,2019 Movers Inc., paid the amount of $24,000 for a 2 years' rent which will start or begin on November 1 which means Movers' year-end financial statements as of December 31,2019 will show:

Rent expense of $2,000

Prepaid rent of $22,000

The rent expense of $2,000 is calculated as

(1÷12*$24,000)=$2,000

The prepaid rent of $22,000 is calculated as

$24,000-$2,000

$22,000

8 0
3 years ago
Publicly owned and operated schools, federally mandated health care coverage, and tax incentives for business are all examples o
katrin [286]

Answer:

A. socialist elements in the US Economy

Explanation:

Socialism is shared costs and shared resources. While the US economy is not socialistic, it does have elements of socialism through certain government programs.

8 0
3 years ago
Read 2 more answers
Which is an example of a sport that has low equipment costs?
xz_007 [3.2K]
D. Yoga
The only equipment required is a yoga mat, which is cheaper than all of the equipment required for the rest of the sports.
8 0
4 years ago
Read 2 more answers
Part E14 is used by M Corporation to make one of its products. A total of 22,000 units of this part are produced and used every
murzikaleks [220]

Answer:

(29,800)

Explanation:

The computation of the financial advantage or disadvantage is shown below:

As we know that

Financial disadvantage = Cost of making - Cost of buying

where,

Cost of making is

= [(Direct material per unit + direct labor per unit + variable manufacturing overhead per unit) × units produced] + additional segment margin

= [($4.7 + $9.30 + $9.80 + $5.20) × 22,000 units] + $34,000

= ($29 × 22,000 units ) + $34,000

= $672,000

And, the Cost of buying is

= Units produced × offered price

= 22,000 units × $31.90

= $701,800

So,

Financial disadvantage is

= Cost of making - Cost of buying

= $672,000 - $701,800

= (29,800)

6 0
4 years ago
You win a prize of 20 annual installments of $100,000. You spend your payments for seven years and then save for 13 years. If yo
vfiekz [6]

Answer:

FV $2,014,064.29

Explanation:

The first seven years are spended entirely, so are not into the calculation.

Then we will calculate the future value of an annuity of 100,000 for 13 years at 7% interest rate.

The formula will be:

C \times \frac{(1+r)^{time} -1}{rate} = FV\\

Where:

C 100,000

time   13

rate            0.07

100,000 \times \frac{(1+0.07)^{13} -1}{0.07} =FV\\

We solve and got:

FV $2,014,064.29

This is the amount after 20 years, saving the last 13 years

8 0
3 years ago
Other questions:
  • In 1973 Arab countries imposed an oil embargo on the United States and other developed countries in the aftermath of the Yom Kip
    12·1 answer
  • Orie and Jane, husband and wife, operate a sole proprietorship. They expect their taxable income next year to be $450,000, of wh
    14·1 answer
  • When monique has to order paper for the office​ copier, she checks the website of the office supply vendor the company uses to s
    5·1 answer
  • Which one of the following is a capital structure decision?
    12·1 answer
  • The following are the stages of both consumer and organization purchase decisions. Place each stage in the most typical order of
    5·1 answer
  • When joe didn't have car insurance, he drove very cautiously, because he knew he would have to pay for any damage to his car. no
    5·1 answer
  • What will happen to the firms equilibrium wage rate when the supply of labour decrease from 25 to 15? Explain with the help of d
    15·1 answer
  • True or False: In a competitive labor market, increasing the minimum wage always raises the number of employed workers.
    6·1 answer
  • The efficient market hypothesis has several forms. The weak form states that past price data is unrelated to future prices. pric
    11·1 answer
  • Which country has a comparative advantage in the production of baseballs? explain.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!