Ask Question
BusinessBusiness
10 April, 17:54

When the revenue for a business is less than its costs, it is making a profit.

TRUE/FALSE

+5
Answers (1)
  1. 10 April, 18:16
    0
    Answer: false

    Explanation:

    A firm is making profit when total revenue is greater than total cost.

    A firm is making a loss when total revenue is less than total cost.

    Profit or loss can either be accounting or economic.

    Accounting profit or loss = Total revenue - Explicit cost

    Economic profit or loss = Accounting profit or loss - implicit cost.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “When the revenue for a business is less than its costs, it is making a profit. TRUE/FALSE ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
A company is studying the number of monthly absences among its 125 employees. The following probability distribution shows the likelihood that people were absent 0, 1, 2, 3, 4, or 5 days last month. Number of Days Absent Probability 0 0.60 1 0.
Answers (1)
In which year were tobacco commercials banned from network television in the united states?
No Answers
A local car dealer offers "zero percent" interest on a $20,000 automobile for 36 monthly payments. if a customer either pays cash or makes other financing arrangements, there is a discount of $2,000 from the car company.
Answers (2)
g April 30 May 31 Inventories Raw materials $ 49,000 $ 43,000 Work in process 9,900 21,000 Finished goods 52,000 34,000 Activities and information for May Raw materials purchases (paid with cash) 193,000 Factory payroll (paid with cash) 300,000
Answers (1)
What are the required components of a database function? Check all that apply. D in front of the command a single argument range field criteria
Answers (1)
New Questions in Business
Spencer Co. has a $350 petty cash fund. At the end of the first month the accumulated receipts represent $58 for delivery expenses, $187 for merchandise inventory, and $27 for miscellaneous expenses. The fund has a balance of $78.
Answers (2)
Pita Pal sells fast-food franchises. Pita Pal receives $83,000 from a new franchisee for providing initial training, equipment, and furnishings that together have a stand-alone selling price of $83,000.
Answers (1)
The accounts receivable credit column of the cash receipts journal is A. posted by individual amounts only at the end of the month. B. not posted. C. posted in summary only at the end of the month. D.
Answers (1)
Country A has a population of 1,000, of whom 800 work 8 hours a day to make 128,000 final goods. Country B has a population of 2,000, of whom 1,800 work 6 hours a day to make 270,000 final goods. a.
Answers (1)
Thirty-two new employees from Market Enterprises are attending orientation, receiving information about company policies, and filling out various forms. These employees comprise a group. 1. True2. False
Answers (1)
Home » Business » When the revenue for a business is less than its costs, it is making a profit. TRUE/FALSE
Sign Up Forgot Password?