Operating income is often used interchangeably with earnings before interest and taxes (EBIT). However, there is a slight difference between the two: Operating income equals revenue minus operating expenses, while EBIT also subtracts the cost of goods sold (COGS). Here are the basic formulas: 营...
In monopolistic competition, profit is maximized by producing so that marginal revenue: A) equals price. B) equals average total cost but not marginal cost. C) equals marginal cost and which are less than price. D) is negative. E) equals marginal...
Answer true or false: Net income plus operating expenses is equal to gross profit. The accounts receivables turnover is computed by dividing net sales by accounts receivable. True False State true or false and justify your answer:...
___1 Represents revenues less transaction-based expenses. 2 Refer to our reconciliations ofU.S.GAAP to non-GAAP net income, diluted earnings per share, operating income, operating expenses and organic impacts included in the attached schedules.3 Pro forma results are presented assuming Ax...
Net Revenue means an entity’s total revenue less its operating expenses, interest paid, depreciation, and taxes. “Net Revenue” is synonymous with “Profit.” Gross Operating Revenues means, for any period of time for any Hotel Property, without duplication, all income and proceeds of sales ...
This key figure equalssales revenuefor a period less all expenses for the period; also, any extraordinary gains and losses for the period are included in this final profit figure. Everything is taken into account to arrive atnetincome, which is popularly called the bottom ...
Gross profit is sales less the cost of sales. a. True b. False True or false: Sales revenue minus operating expenses equals gross profit. Sales Revenue minus Variable Costs equals Contribution Margin. a. True b. False State true or false and justify your answer: Increasing...
For a monopolist, the marginal benefit of selling an additional unit is less than the market price. A monopolistic firm's average revenue is its total revenue earned divided by the total units sold. A competitive firm's marginal revenue always equals its average revenue and price. This is ...
Libertyville will spend about $98,000 more than last year on major street repairs in the coming year.The village board has amended the new $29.8 million budget, effective May 1, to reflect expenses for the previous year that came in $425,000 less than expected, and excess revenue of $1...
When marginal revenue is less than the marginal cost of production, a company is producing too much and should decrease itsquantity supplieduntil marginal revenue equals the marginal cost of production. When, on the other hand, the marginal revenue is greater than the marginal cost, the company ...