Total revenue minus explicit costs equals accounting profits. Deducting any opportunity costs from accounting profits yields economic profits.
The cost of a college education has increased significantly on average. the outlay or expenditure (as of effort or sacrifice) made to achieve a purpose. Raw materials, labor expenditures, and other production-related expenses are all considered direct costs. A product, division, or project can simply be linked to the cost. As an illustration, Ford Motor Company (F) produces vehicles and trucks. A automobile is built by a factory employee in eight hours. Revenue is the entire amount of money made through the sale of products or services related to a business's core operations. Because it appears at the top of the income statement, revenue, also known as gross sales, is frequently called the "top line."
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