Profit, Revenue, and Total Cost
Think about an artist who owns her own business. Match each term with the example from her business that best fits
that term.
Revenue
What the artist receives when a
customer buys a painting
Profit
What the artist pays for supplies and
rent on her art studio
Total cost
What the artist keeps after selling a
painting and paying her costs
000
2

Answers

Answer 1

Answer:

Profit = what the artist keeps after selling a painting and paying her costs.

revenue = what the artist receives when a customer buys a painting.

Total cost = what the artist pays for supplies and rent on her art studio.

Answer 2

In this situation, Profit would indicate to what the artist keeps after selling a painting and paying her costs. Revenue would indicate to what the artist receives when a customer buys a painting and Total cost would indicate to what the artist pays for supplies and rent on her art studio.

What is Revenue?

The entire amount of money received by an organization's operations over a predetermined period of time is the basic definition of revenue.

Revenue for a business is its gross income before deducting any costs. Revenue is the financial gain from sales and/or provided services and is defined by profits and total earnings.

Revenue is reported on the income statement rather than the balance sheet alongside other assets for accounting purposes. Revenue is used to finance the acquisition of new assets, settle debt, and provide dividends to stockholders. Thus, revenue in and of itself is not an asset.

Revenue is more than just a lifeline, it may also help one gain important business information. One must grow one's revenue if they want to boost their company's earnings. One may boost his profitability by monitoring his revenue and concentrating on increasing it.

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Related Questions

Which section of the constitution describes the structure of the legislative branch

Answers

nombre: liz

¿Qué sección de la constitución describe la estructura del poder legislativo?

El Artículo I de la Constitución de los Estados Unidos, cuya fecha de aprobación data de 1788, declara el establecimiento del poder legislativo del Gobierno Federal de los Estados Unidos, representado por el Congreso, que incluye una Cámara de los Representantes y un Senado.

What is foreign employment?​

Answers

Being employed in a different country than that of a persons origin

Why did people begin migrating to Europe in the 300s?
A) Major cities were already set up for people to live in.
B) The rulers had efficient trade routes set up.
C) The government was well organized and fair.
D) There were many rivers that provided fertile soil.

Answers

People started to migrate to Europe in the 300s because the rulers had efficient trade routes set up during that period. Thus, Option B is the correct statement.

What do you know about migration?

Migration refers to the movement of human beings from one area to some other as a way to stay and work. The movement of human beings from their domestic to some other city, country, or country for a job, shelter, or a few different motives is known as migration,

Therefore, People started to migrate to Europe in the 300s because the rulers had efficient trade routes set up during that period. Thus, Option B is the correct statement.

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what ocean doesn’t border Asia’s coasts?

Answers

Answer:

Atlantic

Explanation:

The continent of Asia is only bounded by 3 oceans which are the Indian, Pacific, and Artic.

Answer:

Southern ocean

Explanation:

Hope it helped!

As you read, decide which party would make each statement below.

1. The government should help the poor by cutting taxes and improt ing the economy.

2. The government should help the poor by improts ing public edu cation and providing jobs.​

Answers

Answer:

The government should help the poor by imports ing public education and providing jobs

To what extent have social movements had an impact on policy making of the government?

Answers

Answer:

The enduring impacts of social movements are often cultural. Movements change the way we live and work. They make some behaviors socially inappropriate and others newly appealing. They create new collective actors, alter lines of social cleavage, and transform what counts as expertise.

Explanation:

Nepal is declared as a secular country write its .importance​

Answers

Secular countries are countries that give their citizens the right to practice & follow whatever religion they want.

This is of huge importance as now people in Nepal no longer have to follow one religion against their choice. They can also now not practice any religion & still be treated equally without any discrimination.

This declaration gives people more freedom, power & trust in their government & helps people to fight against prejudice & majoritarinism of any one religion.

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Answer:

Nepal was declared a secular country in 2007 after nepals hardcore unified communist party of nepal -Moaist joined mainstream politics after decade-long insurgency that killed over 13,000 people the decision ended nepals century-old identity as the world only hindu kingdom

What function of formal
education is fulfilled when
opposing views are heard in
an organization and given
equal support?
OA. Cultural Innovation
B. Latent
C. Social Integration
D. Social Placement
O

Answers

Social integration is the function of formal education is fulfilled when opposing views are heard in an organization and given equal support.

What is social integration?

Social integration is the process of giving individuals the chance and  sustain them along with their views into the society which could be different from someone else view.

Social integration helps individuals regardless of their attributes, to fit in into the mainstream group.

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the market structure that involves the most competition:
a. monopoly
b. perfect competion
c. pure monopoly
d. oligopoly

Answers

Answer:

the answer is B po

Explanation:

correct me if I wrong

The answer is definitely B. Perfect competition

A bright light shines into Aubree's eyes. Which organ system will the nervous system alert in order to allow less light into her eyes?


circulatory


immune


musculoskeletal


respiratory

Answers

The nervous system alert in order to shrink of eye is musculoskeletal system.

What is musculoskeletal system?

The musculoskeletal system is an essential component of human health. The musculoskeletal system provides form, stability, and movement to the human body.

In addition to providing the body with structure and the means for movement, the musculoskeletal system acts as an endocrine system, stimulated by exercise, interacting through biochemical signaling with other organs in the body.

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As a human service professional, how would having an understanding of the history of social welfare policies and practice help you develop or implement today's policies and practices without bias or stereotyping of clients?

Answers

Knowledge of the history of social welfare policies and practices can help HR implement ethical policies, with the promotion of diversity.

How important is HR today?

The human resources department is responsible for the recruitment, selection and management of human capital in an organization, which is an essential resource for the development of new knowledge and innovation in today's competitive market.

Therefore, the implementation of ethics and the promotion of diversity, will help to create a culture favorable to the development of staff capacities.

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how do you escape from abuse in violation of your right​

Answers

Answer:

Protect yourself during violent incidents by recognizing abusive patterns beforehand and identifying safe hiding spaces in your home that are far away

Explanation:

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2
5
6
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TIME REMAIN
56:15
Does the idea that a population increases as technology increases thus leading to war apply in the same way in
advanced nations as it does in developing nations?
O
Yes. Population increases almost always lead to war in both cases.
Yes. Theories of war apply equally in all circumstances.
No. Advanced nations never have sudden population increases.
02 0

Answers

As regards how a rise in population affects nations, No. Advanced nations never have sudden population increases.

What happens in advanced nations?

Thanks to higher literacy and living standards, advanced nations know how to control their populations.

As a result, there aren't unexpected rises in population which can lead to conflict in advanced nations.

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what are the factors responsible for soil erosion?​

Answers

- Wind. When strong winds blow, the topsoil along with the organic matter is carried away by the wind.

- Water. When it rains in the hilly areas, the soil gets washed away towards the plains.

- Overgrazing.

- Deforestation.

- Afforestation.

- Crop Rotation.

- Terrace Farming.

- Building Dams.

*hoped this helped...*

Explanation:

human factors

deforestation overgrazing construction mining

natural factors

wind Glacier water lead

Type your personal testimony in two forms. Address the first to a hypothetical friend or coworker who is not saved. Address the second to a backslidden Christian. Limit each testimony to 250 words.

Answers

To write a personal testimony, you can use the structure of a descriptive essay, for more details and the best understanding of the reader.

What is a personal testimony?

It is the detailing of an individual's spiritual experiences, reporting the ways in which Christianity and religion have positively impacted their life experience.

Therefore, when writing your personal testimony, you can share in your account the changes that occurred in your life after identifying with this religious philosophy.

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1. Briefly explain what a product market is. Then, describe the role that product
markets play in the flow of goods and services in an economy. In forming your
response, be sure to describe the relationship between product markets, households,
and businesses. Provide a brief example to illustrate this relationship. (4 points)

Answers

The product market can be defined as the sector where finished products are sold to individuals and companies.

What is the role of the product market in the economy?

The final products and services exist to satisfy the needs of consumers, and their commercialization is responsible for moving the economy, impacting on employment opportunities, profitability of companies and quality of life of individuals.

Therefore, the product market is related to the law of supply and demand, impacting the economic development of a nation.

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what was John A MacDonalds values?

Answers

Answer:

Macdonald's greatest achievements were building and guiding a successful national government for the new Dominion, using patronage to forge a strong Conservative Party, promoting the protective tariff of the National Policy, and completing the railway.

Please give me brainliest! you would get 25% as well!

What of the following phrases describes money?
OA. A form of communication
OB. A system of investment
OC. A storehouse of value
OD. A way to control the government

Answers

Answer:

A store of value

Explanation:

Money is a store of value because it can be invested. It can also be left at home or saved in a bank and then later used in purchasing goods and services in the future.

how does the government support communities affected by human rights violations​

Answers

By violations to the goverment

The most fundamental purpose of government is defense, not
empire...........Joseph Sobran
- A.provide national security
-B.maintain social order
-C.Oprovide for and control economic systems
-D.Oprovide public services

Answers

The answer for that should be A
It should be A because I did Alex

Nepal is a developing country. What should be done to make nepal a developed Country? write any six way/ measures​

Answers

Answer:

Since nepal is a developing and many things can be done to make nepal a developed country:

1) people can raise awareness about cleaning activities.

2) We can force government to make strict rules and regulations.

3)By providing free,quality education.

4)By creating employment opportunities so that youths won't go to abroad.

5)By conserving available resources.

6) Stop corruption.

Hope it hepls you!!!

Which of the following statements best describes environmental laws in Latin America?
A.
Most Latin American countries do not have laws against air pollution.
B.
Most countries in Latin America have laws against pollution and dumping, but they are not enforced.
C.
The countries of Central and South America have strict laws against pollution, but those in the Caribbean do not.
D.
Most countries in Latin America have strict laws against pollution and have seen cleaner air and water as a result.

Answers

the answer is b. most countries in Latin America have laws against pollution and dumping, but they are not enforced.

Answer:

B

Explanation:dude above me said it so i said it

the great migration was

Answers

Answer:

was one of the largest movements of people in United States history.

Differentiate monopoly quantity from efficient quantity

Answers

Monopoly quantity produces too little output at too high a cost but efficient quantity is where the demand equals the marginal cost.

What is a monopoly?

A monopoly refers to the dominant position of an industry or a sector by one company.

The efficient quantity of output is where the demand highly equals the marginal cost whereas monopoly quantity produces too little output at too high a cost.

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which component could you remove, and still have a functioning circuit? In general,
why would removing that component be a bad idea?

Answers

A parallel circuit could be removed from the circuit, which will not affect the functioning of the circuit, but it will not allow the continued passage of current when an equal amount of current is to be passed within the circuit.

What is a parallel circuit?

A parallel circuit is a type of electrical circuit where an equal amount of voltage is passed through all the circuits, which are parallel to each other. An image of the parallel circuit is attached for reference.

Hence, the significance of a parallel circuit is given above.

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Read the sentence. I quit the French Club because it was necessary for me to watch my little sister after school. Which part of this sentence is too wordy?

Answers

“It was necessary for me”. You can say, “I quit the French club because I had to watch my little sister after school”.

Why did Americans want the territory of California

Answers

Answer:

its magnificent San Francisco Bay as the American gateway to trade with China and other Asian nations

Explanation:


Describe the difficulties in defining each of the following terms:
a. Ordinary and extra ordinary medical interventions.
b. Usual and customary medical procedures.
c. Be sure to include a discussion of the role of a technical imperative and cultural lag (e.g. social roles, ethical issues, cultural understanding, morals and decision-making, etc).

Answers

The difficulties in the terms include:

Ordinary and extra ordinary medical interventions - Pain and delayed decision making.Usual and customary medical procedures - Ethical issues as some religious factions don't support modern drug use.

What is Ordinary and extra ordinary medical interventions?

This is a medical procedure which involves pain as a result of it being done the patient and slows down decision making in going ahead with it.

The Usual and customary medical procedures on the other hand can be linked with some ethical issues.

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What is the difference between marginal cost and marginal revenue? Marginal cost is the money earned from selling one more unit of a good. Marginal revenue is the money paid for producing one more unit of a good. Marginal cost is the money paid for producing one more unit of a good. Marginal revenue is the money earned from selling one more unit of a good. Marginal cost is the money a producer might make from one more unit. Marginal revenue is the money a producer actually makes from one more unit. Marginal cost is the money a producer actually makes from one more unit. Marginal revenue is the money a producer might make from one more unit

Answers

The difference between marginal cost and marginal revenue is Marginal cost is the money paid for producing one more unit of a good. Marginal revenue is the money earned from selling one more unit of a good. Thus the correct answer is B.

What is  marginal cost?

The difference in total production costs caused by producing or manufacturing one extra unit is known as the marginal cost of production.

In order to maximize production and overall operations, an organization must first decide when it can achieve economies of scale.

The sum of money spent to create one additional unit of a good is its marginal cost. Selling one additional unit of a good results in a profit known as marginal revenue.

Therefore, option B is the appropriate answer.

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Tammy works as a behavioral management aid and carries a credential as a board certified practitioner. Based on this information, what is most likely to be Tammy's academic area and highest degree level?

Answers

Answer:

Tammy's academic area is likely to be behavior management and her highest degree level would likely be a master's degree.

Explanation:

Based on the information given, Tammy's academic area is likely to be behavior management due to what she works as. Her highest degree level is likely to be a master's degree because that is the highest level of crediental that she has.

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