Question and answer
what does profit mean?
Question
Asked 3/20/2014 5:53:17 AM
Updated 3/20/2014 6:10:54 AM
1 Answer/Comment
Get an answer
Original conversation
User: what does profit mean?

Weegy: In accounting, profit is the difference between the purchase and the component costs of delivered goods and/or services and any operating or other expenses. There are several important profit measures in common use. [ Note that the words earnings, profit and income are used as substitutes in some of these terms (also depending on US or UK usage), thus inflating the number of profit measures. Gross profit equals sales revenue minus cost of goods sold (COGS), thus removing only the part of expenses that can be traced directly to the production or purchase of the goods. Gross profit still includes general (overhead) expenses like R&D, S&M, G&A, also interest expense, taxes and extraordinary items. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) equals sales revenue minus cost of goods sold and all expenses except for interest, amortization, depreciation and taxes. It measures the cash earnings that can be used to pay interest and repay the principal. Since the interest is paid before income tax is calculated, the debtholder can ignore taxes. ]
dvalencia1|Points 180|

User: what does revenue mean?

Weegy: Individual income taxes and payroll taxes now account for four out of every five federal revenue dollars. Corporate income taxes contribute another 12 percent. [ [ Excise taxes, estate and gift taxes, customs duties, and miscellaneous receipts (earnings of the Federal Reserve System and various fees and charges) make up the balance. The composition of tax revenue has changed markedly over the past half century, with payroll taxes contributing an increasing, and corporate income and excise taxes a decreasing, share of the total, but the share provided by individual income taxes has remained roughly constant. Underlying Data: Download In 2008 the federal government collected $2.5 trillion, an amount equal to 17.7 percent of GDP. Federal revenue has ranged from 14.4 to 20.9 percent of GDP over the past five decades, averaging 18.2 percent. The individual income tax has been the largest single source of federal revenue since 1950, averaging just over 8 percent of GDP. ] ]
Kaysha|Points 7264|

User: You like the latest style of jeans, and you cannot afford to buy them. The jeans _____ as demand for you. count do not count

Question
Asked 3/20/2014 5:53:17 AM
Updated 3/20/2014 6:10:54 AM
1 Answer/Comment
New answers
Rating
3
In business, revenue or turnover is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. In many countries, revenue is referred to as turnover.
Added 3/20/2014 6:10:54 AM
This answer has been confirmed as correct and helpful.
Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
What does expected cost mean?
Weegy: How may I help you? (More)
Question
Updated 3/14/2014 6:21:53 AM
1 Answer/Comment
Expected cost or value is the average value of the possible payoffs of an investment decision, taking into account the likelihood of each payoff.
Added 3/14/2014 6:21:42 AM
This answer has been confirmed as correct and helpful.
What describes a free market economy?
Question
Not Answered
Updated 143 days ago|9/27/2018 12:34:54 PM
1 Answer/Comment
An economy where the government imposes few or no restrictions and regulations on buyers and sellers, describes a free market economy.
Added 143 days ago|9/27/2018 12:19:04 PM
This answer has been confirmed as correct and helpful.
Confirmed by selymi [9/27/2018 12:34:57 PM], selymi [9/27/2018 12:34:57 PM]
29,283,765
questions answered
GET
Answers.
GET THE APP.
weegy*
*
Get answers from Weegy and a team of really smart live experts.
Popular Conversations
If your working on reducing stress, what should be your first step?
Weegy: If you're working on reducing stress, your first step should be: Identify the causes of stress.
2/8/2019 5:31:30 PM| 24 Answers
What does a new database contain? A. A new empty table B. Sample ...
Weegy: B. Sample data
2/10/2019 7:48:29 PM| 13 Answers
A feature that is not the direct result of glaciation is a(n): ...
Weegy: A feature that is not the direct result of glaciation is a striation.
2/12/2019 10:45:27 PM| 8 Answers
Antoine is making a banner in the shape of a triangle. He wants to ...
Weegy: The border will be 33b- 8 long.
2/15/2019 4:26:02 AM| 6 Answers
A person who is lactose intolerant would have difficulty digesting ...
Weegy: People who are lactose intolerant cannot digest the sugar in milk.
2/8/2019 7:38:06 PM| 6 Answers
To limit records displayed to those that match your criteria you ...
Weegy: To limit records displayed to those that match your criteria, you apply a filter.
2/10/2019 9:16:45 PM| 5 Answers
Who is the 1st president in the Philippines?
Weegy: The current president of the Philippines is Rodrigo Duterte.
2/9/2019 5:18:41 PM| 4 Answers
S
R
L
R
P
R
P
R
R
R
R
P
R
P
P
P
L
Points 1622 [Total 6445] Ratings 12 Comments 1502 Invitations 0 Offline
S
L
1
R
Points 1126 [Total 1378] Ratings 16 Comments 886 Invitations 8 Online
S
L
P
C
Points 955 [Total 2262] Ratings 3 Comments 925 Invitations 0 Offline
S
L
Points 423 [Total 423] Ratings 0 Comments 13 Invitations 41 Offline
S
L
Points 383 [Total 494] Ratings 11 Comments 263 Invitations 1 Offline
S
L
Points 343 [Total 1404] Ratings 2 Comments 323 Invitations 0 Offline
S
L
Points 265 [Total 265] Ratings 4 Comments 15 Invitations 21 Offline
S
L
Points 174 [Total 174] Ratings 1 Comments 4 Invitations 16 Offline
S
L
Points 162 [Total 162] Ratings 0 Comments 2 Invitations 16 Offline
S
L
Points 103 [Total 103] Ratings 0 Comments 13 Invitations 9 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.