PPT-Profit & Loss

A business needs to keep track of all their income REVENUE and EXPENSES Any money coming in to a business is recorded as revenue Any money going out of a business is known as an expense For a business to be profitable their revenue must be greater than their expenses. Based on the books: . Building Lean Supply Chains with the Theory . of . Constraints . M. anaging . Business Process Flow . Throughput Profit Multiplier (TPM). A large fraction of the operating costs are fixed . Marginals. for linear functions. Break Even points. Supply and Demand Equilibrium. Applications with Linear Functions. Cost, Revenue, Profit, . Marginals. Cost: C(x) = variable costs + fixed costs. Revenue: R(x) = (price)(# sold). maximization. Economic profit = total revenue - all economic costs. Economic costs include accounting cost. (. explicit. . costs. ). and opportunity costs (implicit. . costs. ).. Profit maximization. Donna Baines, . Phd. McMaster university, Hamilton, . canada. 1. STABILITY. JOBS ARE . a) PERMANENT. b) FULL-TIME. c) GOOD WAGES. d) FULL BENEFITS + PENSION. e) EMPLOYEE VOICE. 2. PARTICIPATION. OPPORTUNITIIES TO PARTICIPATE IN:. Donna Baines, . Phd. McMaster university, Hamilton, . canada. 1. STABILITY. JOBS ARE . a) PERMANENT. b) FULL-TIME. c) GOOD WAGES. d) FULL BENEFITS + PENSION. e) EMPLOYEE VOICE. 2. PARTICIPATION. OPPORTUNITIIES TO PARTICIPATE IN:. Donna Baines, . Phd. McMaster university, Hamilton, . canada. 1. STABILITY. JOBS ARE . a) PERMANENT. b) FULL-TIME. c) GOOD WAGES. d) FULL BENEFITS + PENSION. e) EMPLOYEE VOICE. 2. PARTICIPATION. OPPORTUNITIIES TO PARTICIPATE IN:. for . gmat. cat. arpit. . http://www.freegregmatclass.com/. Manufacturer ( i.e. the producer). Wholesaler (dealer) Retailer (shopkeeper). Customer. Marginals. for linear functions. Break Even points. Supply and Demand Equilibrium. Applications with Linear Functions. Cost, Revenue, Profit, . Marginals. Cost: C(x) = variable costs + fixed costs. Revenue: R(x) = (price)(# sold). AP Economics. Mr. Bordelon. Profit. Profit.. . . T. otal revenue minus total cost. π means “profit.”. π = TR – TC. Total revenue.. Price of output times the quantity sold.. TR = PQ. Total cost.. Download PDF Weight Loss Breeze™ eBook by Christian Goodman - A Unique Way to Boost the Effectiveness of Whatever Diet You’re On and Whatever Workouts You Do. Download PDF Weight Loss Breeze™ eBook by Christian Goodman - A Program Teaches Amazing Techniques For A Safe, Natural, and Healthy Way of Losing Weight. Mr. Henry. AP Economics. AP Review . Questions from Yesterday. A requirement of perfect competition is that. Many firms sell an identical product to many buyers. There are no restrictions on entry into (or exit from) the market, and established firms have no advantage over new firms. FORMAT OF A TRIAL BALANCE . Trial Balance as on (DATE). ITEMS RELATED WITH THE PREPARATION OF TRIAL BALANCE. of Commerce. mrs.k.s.k. . college . beed. COMPANY FINAL ACCOUNT. • Accounting is an art, it is an art of recording transaction and reporting results. Final account are for results.. • Final accounts are prepared to show business profit over a period of time and business position at a point of time..