Profit is the dollar amount a firm collects from its customers after selling its goods or services.

Answers

Answer 1

False, Profit is determined by calculating the difference between expenses and revenues.

Profit is the term used to describe the financial gain experienced when the revenue from a company activity outpaces the costs, and taxes incurred to support the activity in question.

Any profits generated return to the company's owners, who can decide whether to keep the money for themselves, pay dividends to shareholders, or reinvest it in the company. The money a business keeps after deducting all costs is its profit. Any business's main objective is to make money, so a company's performance is measured by its profitability in all of its forms. The income statement lists all three of the main categories of profit: gross profit, operating profit, and net profit. Each profit kind provides analysts with additional details about a company's performance.

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Related Questions

What does research suggest about the relationship between goals and consciousness?

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Answer:

Goals are the tools with which people engage in volitional behavior. Whereas goal pursuit was traditionally assumed to be strongly related to consciousness, recent research and theorizing suggest that goals guide behavior through attention, and this guidance can occur outside of a person's awareness

Explanation:

Project l costs $50,000, its expected cash inflows are $14,000 per year for 7 years, and its wacc is 9%. what is the project's payback? round your answer to two decimal places

Answers

The Project’s Payback Period will be 3.57 Years.

Payback Period:

The number of years required to recover the initial financial investment is referred to as payback time. It is, in other words, the length of time that a machine, facility, or other investment has generated enough net income to pay its investment costs.The Payback Period illustrates how long it takes a business to recoup its investment. If a project's ability to pay back its investment in the shortest amount of time is crucial to a company, this form of research enables them to assess other investment alternatives.Simply divide the initial cash outlay of a project by the amount of net cash inflow that the project generates annually to learn how to calculate payback period in practice. As you calculate the payback period, you can assume that the annual net cash inflow is constant.Project’s Payback Period = Initial Investment Cost/Annual Cash Inflow= 50,000/ 14,000 per year = 3.57 YearsHence, the Project’s Payback Period will be 3.57 Years.

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When calculating the net operating income of a property it is important to identify:______

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When calculating the net operating income of a property it is important to identify Mortgage payments

Correct option is C.

What is Mortgage payments?

A mortgage is an arrangement between you and a lender that enables you to borrow money to buy or refinance a home and gives the lender the power to seize If you don't make loan payments, you risk losing your property.

How are mortgage payments done?

The principal on a mortgage is the sum that you borrow. Your monthly payment will be split between principal (the outstanding mortgage debt) and interest, with a portion going to each. When you borrow money, a lender will charge you interest.

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I understand that the question you are looking for is :

When calculating the net operating income of a property, it is important to identify any expenses that will be incurred in attempts to maintain the property. All of the following would be considered operating expenses EXCEPT.

A. Property taxes

B. Property insurance premiums

C. Mortgage payments

D. Utility expenses

On a downward-sloping linear demand curve, total revenue reaches its maximum value at the?

Answers

As we start moving down a demand curve value of the revenue reaches a maximum at a point which is the midpoint of the demand curve.

In a downward-sloping demand curve, price and quantity demanded move in opposite directions, so the price elasticity of demand is always negative. A positive percentage change in price implies a negative percentage change in quantity demanded and vice versa.

Recall that the downward slope of the aggregate demand curve means that as the price level falls, more output will be demanded. Likewise, national income increases when the price level falls.

The question is incomplete. Please read below to find the missing content.

On a downward-sloping linear demand curve, total revenue reaches its maximum value at the

a.

midpoint of the demand curve

b.

lower end of the demand curve

c.

upper end of the demand curve

d.

It is impossible to tell without knowing the prices and quantities demanded.

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If the forecasted volume increased to 12,000 procedures and budgeted costs increased to $440,000, while all other variables remained constant, what price should be established?

Answers

Answer- $ 54.74

Explanation-

= ($440,000 ÷ 12,000) + [($80,000 + 4,800 ($36.67 – $38.00)) ÷ 6,000]  / (1-0.106)

= 48.936 / 0.894

= $ 54.74

Finance encompasses banking, leverage or debt, credit score, capital markets, money, investments, and the advent and oversight of financial systems. basic economic standards are based on microeconomic and macroeconomic theories.

There are two most important purposes of the finance feature: to offer the monetary records that other business features require to perform efficaciously and correctly. to assist business making plans and choice-making.

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When employees regulate their behavior by offering themselves rewards for achieving desired performance, this is called:__________

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It is called self reinforcement.

People are said to be capable of managing their own behavior under social learning theory. Self-reinforcement is an example of a self-regulatory process in which individuals reward themselves if their conduct meets self-imposed performance criteria.

In operant circumstances, self-reinforcement refers to arrangements in which the individual delivers a consequence to himself based on his action.

Self-reinforcement is an example of a self-regulatory process in which individuals reward themselves if their conduct meets self-imposed performance criteria. And if a positive occurrence (tangible reinforcer) is linked to a behavior, that behavior is enhanced and more likely to occur in the future.

Therefore, the answer is self reinforcement.

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Over a 10-year period, Rebecca goes to
college for 4 years and works for the next
6, while Mark works for the full 10 years.
Rebecca earns twice as much as Mark
after she graduates.

Answers

Rebecca is earning twice as much as Mark because she has added value to herself by getting educated and would most likely be able to solve problems faster and more efficiently than Mark assuming they are in the same industry. Here in lies the value of education.

How does education help us earn better?

Education helps to drive innovation and critical thinking. Psychologically, education is one of the best ways to keep the mind active and sharp.

For a society to advance economically, education is essential. In order to consistently be creative, we require employees to pursue new knowledge and research.

Higher literacy rates are also associated with better economic conditions in a nation.

A population with higher levels of education has access to more work options. This is because education fosters research and innovation.

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The primary benefit of taking into account a child's interests while selecting exercise activities is that the child will __________

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The primary benefit of taking into account a child's interests while selecting exercise activities is that the child will gain motivation to exercise.

     Exercise plays a significant role in the development of child's brain and body. It helps strengthen children's bones, lungs, heart and improve their coordination, posture, balance and flexibility. Participation in choosing the exercise gives the child a sense of growth and ownership. It gives a boost to their self esteem, mood and morale. The child gains an interest toward the physical activity and gives his best and is motivated to keep continuing it life long.

   Furthermore, research indicates that an active child becomes an active adults, in turn putting people away from the risk of developing life threatening conditions such as heart disease. This is why it's important to let children choose their exercise activities and train them to be fit from young age.

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When comparing a 10-year bond versus a 1-year bond, the 10-year bond has a much greater interest rate risk. True or false?.

Answers

True,When comparing a 10-year bond versus a 1-year bond, the 10-year bond has a much greater interest rate risk

What is bond?

A bond is a sort of financial security in which the issuer owes the bearer a debt and is obligated to repay the principle of the bond as well as interest over a specified period of time, depending on the terms. Interest is normally paid at regular intervals.

Bonds are one way for businesses to raise funds. A bond is a loan made between an investor and a firm. The investor agrees to contribute the corporation a particular sum of money for a set length of time. In exchange, the investor receives interest payments on a regular basis.

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The legal document that describes the rights and obligations of both the bondholders and the issuer is called the bond.

Answers

A bond resolution is a legal document that specifies the rights of the issuer and the bondholder, the two parties to the bond contract, and allows the issuance and sale of bonds.

Who is a bondholder?

An investor or the owner of debt instruments, which are frequently issued by corporations and governments, is known as a bondholder. In essence, bondholders are lending money to the bond issuers. Bond holders receive their principal investment back when the bonds mature in exchange.

A bond resolution exists as a document where the issuer permits a bond's issuance and sale, along with determining the rights of the respective groups to the bond agreement, namely the issuer and the bondholder.

The bond indenture exists as a legal document establishing the rights and obligations of both the issuing company and the bondholders. It exists designed to address all matters connected to the bond issue, such as collateral, and call provisions.

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How would a company report a change in an accounting principle made on the last day of the third quarter?

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If a company changes an accounting principle on the last day of the 3rd quarter they need to apply a retrospective application to all pre-change interim periods reported.

What is accounting?Accounting is the process of documenting a business's financial transactions. These transactions are compiled, examined, and reported to oversight organizations, regulatory bodies, and tax collection organizations as part of the accounting process. A company's operations, financial condition, and cash flows are summarized in the financial statements that are used in accounting. They provide a succinct summary of financial transactions across an accounting period. One of the most important aspects of practically every firm is accounting. Small businesses may have a bookkeeper or accountant manage it, whereas larger corporations may have vast finance departments with many people.

Management can make wise business decisions thanks to the information produced by many streams of accounting, including cost accounting and managerial accounting.

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When a small business forges an agreement with a bank that consents to honor a draft or other demand for payment after goods are delivered internationally, the firm receives a:__________

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An agreement between a small business and a bank which leads to the bank consenting to honor a draft or demand for payment leads to the firm getting a letter of credit.

What is a letter of credit?

This is an agreement that bank makes with a small business in order to increase the credibility of the small business when buying a good or service internationally.

The agreement makes it clear that the small business will pay the money that it owes for the goods delivered and that the bank guarantees it.

The reason for this is that the small business might not be trusted or popular enough so the seller might not trust them. Banks are more trusted however so the sale will go through.

In conclusion, an agreement between a bank and small business to guarantee payment is a letter of credit.

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what roles do entrepreneurs play in the economy?
a. make routine pricing decisions
b. innovate
c. purchase capital
d. create market demand e. take risks
f. make decisions

Answers

B) Innovate E) Take risks F) Make decisions.

Entrepreneurs decide how to combine factors of production to create new goods and services.

What functions do entrepreneurs play in an economy?

The business leader who is an entrepreneur seeks out ideas and implements them to promote economic development. One of the most crucial factors in a nation's economic progress is entrepreneurship. By making business decisions, the entrepreneur serves as the head of the trigger that ignites economic activity.

He is essential to the growth of a nation's agricultural and service sectors in addition to its industrial sector. The following is a methodical and orderly discussion of the key functions that entrepreneurs play in the growth of an economy.

Encourages the formation of capitalLarge-Scale Employment PossibilitiesEncourages balanced regional growthReduces Economic Power ConcentrationCreation and Distribution of WealthRising GNP and per capita incomeRaising the Living StandardsEncourages the country's export tradeCreates backward and forward linkagesPromotes overall development

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A special order generally should be accepted if: Select one: a. its revenue exceeds allocated fixed costs, regardless of the variable costs associated with the order. b. excess capacity exists and the revenue exceeds all variable costs associated with the order. c. excess capacity exists and the revenue exceeds allocated fixed costs. d. the revenue exceeds total costs, regardless of available capacity. e. the revenue exceeds variable costs, regardless of available capacity.

Answers

A special order generally should be accepted if excess capacity exists and the revenue exceeds all variable costs associated with the order.

When the market's potential supply of a commodity is greater than the demand for that product, the situation known as excess capacity arises.

In manufacturing, the phrase "over capacity" is frequently used. At a manufacturing site, you can notice idle workers as a sign of overcapacity. Excess capacity, though, can also be found in the service industry.

For instance, there are places in the restaurant business that consistently have empty tables and a staff that seems unproductive. This inefficiency shows that although the space can handle more visitors, there is still a gap between customer demand and the restaurant's capacity.

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The rutabaga market is perfectly competitive and the price of a ton of rutabagas rises. as a result, rudy, a rutabaga farmer, will________.

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Answer: The rutabaga market is perfectly competitive and the price of a ton of rutabagas rises. as a result, rudy, a rutabaga farmer, will increase his output of rutabagas.

Explanation: According to economic theory, perfect competition exists when all businesses sell same goods, market share has no bearing on prices, businesses can enter or quit the market without obstacles, consumers have perfect or complete information, and businesses are unable to set prices.

It is a market that is solely influenced by market forces, in other words. It is opposed to imperfect competition, which more accurately reflects the nature of the market at the time.

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Capital markets can be divided into two broad categories: equity interests and debt interests. equity investors in real estate expect to earn a return on their investment through?

Answers

It is a true statement that the capital markets can be divided into two broad categories such as the equity interests and debt interests.

What is a capital markets?

This refers to the financial market where the long-term debt or equity-backed securities are bought and sold and it is an opposite of money market where short-term debt is bought and sold

Often the equity investors in real estate expect to earn a return on their investment through the collection of rent and price appreciation.

Hence, in general view, It is a true statement that the capital markets can be divided into two broad categories such as the equity interests and debt interests.

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Costs which are incurred to produce two or more products at the same time are called _____ costs:

Answers

Costs that are incurred to produce two or more products at the same time are called Joint costs.

What is a product?

A product is referred to as finished goods assembled in the industry and distributed to intermediaries to serve in the market and make available to customers.

Joint costs are expenses incurred to produce two or more products together. It is used to determine the cost of operating joint-product operations, which includes collection and disposal.

It is calculated by dividing the sum of the costs incurred for all jointly produced goods prior to their separation by the total number of goods produced collectively.

Therefore, Joint cost is the answer.

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Answer:

joint costs

Explanation:

Compensation paid in proportion to the number of units of personal output best describes:_______.
i. royalties.
ii. piece rates.
iii. profit-sharing.
iv. bonuses

Answers

Compensation paid in proportion to the number of units of personal output best describes piece rates. When an employee is paid on a piece rate, they are paid per unit.

This means that the worker is paid based on how much is picked, packed, pruned, or made. The piece rate system boosts employee productivity by making sure they are focused on achieving their goals. A worker can be employed to work shifts that are paid hourly and on a piece rate basis.

An employee is compensated on a piece rate basis. This indicates that the amount picked, packed, pruned, or made determines the employee's compensation rate. Piece rates are used instead of the hourly or weekly pay rate when payment is made.

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Standard cost per output unit for each variable direct cost input is calculated by multiplying?

Answers

Standard cost per output unit for each variable direct cost input is calculated by multiplying developed for a period for a planned output. An estimated expense that typically happens throughout the creation of a good or provision of a service is called a standard cost.

In other words, standard cost is the estimated sum of money a business will need to spend in order to create a something or provide a service under typical circumstances. Examples include payments due for rent, utilities, insurance, office staff salary, and supplies, among others. the normal fixed cost is $100,000, and the hourly rate is $15.

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Most strategies that an aggregate planner actually uses are in combination and are referred to as the?

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Most strategies that an aggregate planner actually uses are in combination and are referred to as the hybrid strategies.

It is a strategy that comes under aggregate planning strategies which are level strategy keep the appropriate level of production and labour.

Chase strategy determines the chase towards the market demand and lastly hybrid strategy is the mix of the above two strategy.

An aggregate study planner balances all in one combination to know the best alternatives and outcomes from the production. It is determined by the inventory level present in the production process and back orderings during the high demand period.

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Amy, a minor, disaffirmed her agreement to buy $127 worth of cosmetics from sephora. She had used up all the foundation, lipsticks, and blush. The general rule is that she may?

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Amy, a minor, disaffirmed her agreement to buy $127 worth of cosmetics from sephora. She had used up all the foundation, lipsticks, and blush. The general rule is that she may disaffirm, but she has to return the makeup that is not used up.

Disaffirmance is the legal term which refers to the right for one party to renounce a contract. In order words in order to render the contract void, the person must indicate that he/she will not be bound by the terms outlined in the agreement.

This can be expressed explicitly  by the person in any declaration or it can be implied when the person chooses that he does not want to  abide by the terms of the contract.

Disaffirmance occurs only when one party renounces and disagrees with their obligation of a voidable contract.

Disaffirmance can be implied or explicit.

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What happens when theres a technological improvement and the demand for the output is perfectly inelastic?

Answers

When there's a technological improvement and the demand for the output is perfectly inelastic:

Demand for labor and capital decreases

What Is Inelasticity?

Inelastic is a phrase used in economics to describe an item or service's static quantity when its price varies. When a product's price increases or decreases, consumers' purchasing patterns remain relatively stable, which is referred to as being inelastic.

What Is perfectly Inelastic?

When demand is completely inelastic, prices or quantities are fixed and unaffected by the other variable. When the quantity sought changes proportionately to a change in price, this is known as unitary demand.

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A corporation may have issued more shares of stock than it has outstanding. This statement is.

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A corporation may have issued more shares of stock than it has outstanding. This statement is True.

Because Companies may sell shares to stockholders and then later buy those shares back. Treasury stock is the name given to the repurchased shares. Shares issued less Treasury stock equal the number of shares that are currently outstanding. The number of shares issued will therefore be higher than the number of shares outstanding if a corporation has treasury stock.

Describe Treasury Stock.Treasury stock, commonly referred to as treasury shares or reacquired stock, describes previously outstanding stock that the issuing corporation purchases back from stockholders. The overall number of outstanding shares on the open market declines as a result.These shares were issued but are no longer in circulation, thus they are not counted in the calculation of dividends or diluted profits per share (EPS).What is a stock share?The smallest entire portion of a corporation that a single investor can own is a share. If you possess 10 shares, for example, you own 10 shares. Stock, on the other hand, is a measure of equity (e.g. you own 10 percent of the company). Consider shares as a tiny chunk of a business.

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Crystal has just been approved for her first credit card. what should crystal do to help keep her debt under control?

Answers

Based on the fact that Crystal has been approved for a credit card, one thing she can do to keep her debt under control is to pay off the entire amount every month.

How can you avoid credit card debt?

Credit Card debt often increases when interest is added to the debt amount that a person owes.

If Crystal wants to avoid this interest, she can pay off the entire amount owed every month. With no interest charged, she can keep her debt under control.

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The arrangements between buyer and seller as to when payments for merchandise are to be made are called:______.

Answers

The arrangements between buyer and seller as to when payments for merchandise are to be made are called credit terms.

What are the terms of credit?

Credit terms are the payment conditions specified on the invoice at the time of the purchase of the goods. This is an agreement between the buyer and the seller regarding the deadlines and methods of payment for products obtained on credit. It also goes by the name "payment terms."

Influences on Credit Terms

Time Issue: In this case, the seller is giving the consumer a time benefit and anticipates that the bill will be paid before the due date. Usually, the deadlines are established in advance of the transaction. Credibility Element: The amount of credit you extend to your consumer relies on how creditworthy they are. This may be determined by the number of transactions, the ability to repay, past performance, etc. Rate of Interest Factor: Sellers do charge interest, either for the entire credit period or just for the overdue time, depending on the quantity and credit duration.

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Which is the primary dietary consideration for a client receiving insulin isophane suspension (nph) at breakfast?

Answers

The primary dietary consideration for a client receiving insulin isophane suspension (nph) is that make sure breakfast is not delayed.

Diabetes is treated with ISOPHANE INSULIN (NPH). It functions by raising your body's insulin levels, which lowers your blood sugar. It is a member of the class of drugs known as intermediate-acting insulins. Combining this medicine with dietary and exercise modifications is common.

A hormone called insulin lowers blood glucose levels, or sugar, by doing its job. Intermediate-acting insulin, insulin isophane begins to function 2 to 4 hours after injection, peaks in 4 to 12 hours and continues to function for 12 to 18 hours.

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As the production volumes increase with addition of capacity, the unit costs to produce a product decreases to an optimal level. this is known as the _____

Answers

The cost per unit of production for a given product falls to an ideal level when production volumes rise with the addition of capacity. It is referred to as the economies of scale.

What is product?

Anything that can be sold is referred to as a “product.” To purchase the item with the aid of money, the item can be touched and seen. Consumer, professional, and industrial items come in a wide range of varieties.

The production phenomena known as “economies of scale” describes how a firm's output level rises with its capacity while its production costs decrease as a result of the growth in size or magnitude of its output.

Hence, the significance of the product is aforementioned.

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In kentucky, under which of these is the seller obligated to pay the listing agent a commission if the agent is working under an exclusive agency agreement?

Answers

Under an exclusive right agreement, the seller obligated to pay the listing agent a commission if the agent is working under an exclusive agency agreement in Kentucky.

This agreement also requires the seller of the house to pay a commission to the broker in case they are planning to sell the house to someone. This agreement not only grants the broker exclusive rights to collect commission if their property gets sold but also enables the broker to function as an agent for the owner in negotiating the sale of a property.

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Firms are more likely to accept a special order for one of their products at a reduced price if?

Answers

Firms are more likely to accept a special order for one of their products at a reduced price if "excess capacity exists."

What are special order?

The special order would be a purchase that the business did not plan for while creating its annual budget. This presents an additional chance to exceed sales targets in terms of revenue.

Some key points regarding the special order are-

Special orders frequently ask for a reduced price than what is usually provided and/or can incur additional expenses. Students frequently wish to ignore the order right away because of the cheaper price or lesser contribution margin. However, the purchase should be taken into consideration if it will result in more profit.Keep in mind that only a special order is one the business did not anticipate. The business must make sure there is extra capacity available to fulfill this request without jeopardizing the year's initial development plan.The consumer who requests the special order must not compete with current customers or the business, since this could lead to a decline in sales at regular pricing.

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According to hazlitt, parity prices for agricultural products might increase the purchasing power of farmers and help them be more prosperous, but what would the effect be on city workers?

Answers

After the increase in price for agricultural products the city workers will have their purchasing power reduced.

According to economist Henry Hazlitt, parity pricing hurts consumers and decreases national wealth. Parity is a notion that farmers must be paid on par with the cost of industrial goods and farm equipment.

According to Hazlitt, parity prices for agricultural products would increase the purchasing power of farmers and help them become more prosperous, and on other hand, it would effect the city workers by reducing their purchasing power.

Hence, this will affect the quantity of goods and services that city workers could buy with a monetary unit.

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