Ask Question
BusinessBusiness
30 April, 12:24

Which accurately explains how profit is calculated? A. Benefits and costs are balanced. B. Total retail sales are determined. C. Gross domestic product is calculated. D. Costs are subtracted from revenues.

+5
Answers (1)
  1. 30 April, 16:12
    0
    Costs are subtracted from revenues.

    Explanation:

    As we know

    Profit is calculated when the cost is subtracted from revenues.

    In mathematically,

    The profit = Revenues - cost

    The profit which would be calculated above is shown in the debit side of the income statement.

    As the income statement records all the expenses or cost incurred and all the revenues which are generated
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which accurately explains how profit is calculated? A. Benefits and costs are balanced. B. Total retail sales are determined. C. Gross ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Tomasini Corporation has provided the following data from its activity-based costing accounting system: Supervisory wages $ 670,000 Factory supplies $ 270,000 Distribution of Resource Consumption across Activity Cost Pools: Activity Cost Pools Batch
Answers (1)
What man is responsible for creating the idea for assembly-line production, which drove down the cost of manufactured goods? harold smith or auguste lumiere or henry ford or bill robinson
Answers (1)
Amber asked her dad to co-sign her loan. If she makes a late payment, what may happen? A late notice will be sent to her dad. It may be reported on her dad's credit report. Amber's credit score will decrease to 0.
Answers (1)
Planner Corporation owns 60 percent of Schedule Company's voting shares. During 20X3, Planner produced 25,000 computer desks at a cost of $82 each and sold 10,000 of them to Schedule for $94 each.
Answers (1)
Brandon, the general manager of Pelantis International Hotel, promises Theodore, the director of marketing and sales of the hotel, a large bonus and a paid vacation if he can increase the hotel occupancy to 95 percent in the coming season.
Answers (1)
New Questions in Business
Implicit transaction
Answers (1)
A firm plans to begin production of a new small appliance. The manager must decide whether to purchase the motors for the appliance from a vendor at $8 each or to produce them in-house.
Answers (2)
A stock's holding period return represents: a. the return from a stock relative to the return from a specific portfolio. b. the total return earned over a specific period through buying and selling an asset. c.
Answers (1)
Evaluate the current China/Taiwan logistics costs. Assume a current total volume of 190,000 CBM and that 89 percent is shipped direct from the supplier plants in containers.
Answers (1)
Given the pork supply function Q = 178 + 40p - 60p_h. how does the supply function, Q = 88 + 40p. change if the price of hogs increases from $1.50 to $1.90 per kg? If the price of hogs increases to $1.90 per kg, then the supply function will be Q =
Answers (1)
Home » Business » Which accurately explains how profit is calculated? A. Benefits and costs are balanced. B. Total retail sales are determined. C. Gross domestic product is calculated. D. Costs are subtracted from revenues.
Sign Up Forgot Password?