0
Total revenue is calculated by multiplying the price of the product sold by the quantity sold. PQ = R. Total profit is total revenue minus costs incurred. R-C = P
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
Profits is calculated by subtracting costs from what?
Profit is calculated by subtracting costs from revenue.
What is marginal revenue?
Marginal revenue is the change in total revenue over the change in output or productivity.
How do you calculate marginal revenue cost by math and graphically and marginal in general?
Profit=Total revenue - Total cost
If marginal revenue is zero total revenue remains unchanged?
Yes. This is because when MR is at 0, TR is at is maximum. Generally firms produce at MR=MC, therefore if MR < 0, then MC > MR and firms will not produce at the this point. And so when MR = 0, this will be the total level of revenue achieved, and so total revenue remains unchanged
True or false Profit equals Total Cost less Total Revenue?
TRUE
How is revenue in percentage of completion method computed?
Revenue is calculated as a percent of the total contract revenue according to the percent of completion. The percent of completion as calculated as the incurred costs up to the end of the reporting period to the total estimated cost for the contract. Simply it is : Incurred costs up to date ــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــ X Total Contract Revenue Total Estimated cost
What explains how revenue is determined?
The total amount of money brought in by sales.
total asset turnover?
total asset turnover shows how much revenue is contributed by assets of a company. a higher ratio implies higher revenue earned. it is calculated as follows:Total asset turnover = Revenue / Average total assetsAverage total assets = (Opening total assets + Closing total assets) / 2
How do you calculate total revenue?
To calculate total revenue you simply multiply the quantity by the price. Total revenue includes expenses; therefore, total revenue isn't the same as profit.
Profits is calculated by subtracting costs from what?
Profit is calculated by subtracting costs from revenue.
How do you calculate total room revenue?
how do calculate total of rooms revenue
Total revenue and total cost curves?
total cost= total revenue, it is the same thing in different name.
How do i calculate percent profit?
The answer will depend on profits as a percentage of what! As a percentage of revenue, it would be 100*(Total Revenue - Total Costs)/Total Revenue In example (as given in discussion page) Total Revenue = 236,000 Total Costs = 173,000 Total Profit = Total Revenue - Total Costs = 63,000 So percentage profit = 100*63,000/236,000 = 26.7% (approx).
How do you you calculate total revenue percentage?
You can calculate the total revenue percentage by substituting the variable X for the monthly revenue, the variable Y for the period of time, and then multiple these to solve for the total revenue percentage.
What is The Total Revenue Rule?
if a price cut decreases total revenue, demand is elastic. if a price cut decreases total revenue, demand is inelastic. if a price cut leaves total revenue unchanged, demand is unit elastic.
How revenue is treated under long-term contract?
Revenue is calculated as per percentage of completion method in long term contracts like construction contracts as first of all total cost and revenue is determined and after that it is allocated to specific fiscal year according to the percentage of completion of contract or project
What is McDonalds total annual revenue in the millions for 2008?
Its total revenue was $15.4 billion in 2002
