Calculate the Gross Profit Ratio from the following information :- 2010 2011 ales (Revenue from Operations) Fross Profit 1,20,000 30,000 1,80,000 36,000

Q: If a firm has an accounting profit it must have an economic profit. O True

A: Profit = total revenue - total cost

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A: In economics,  the term profit is defined as the difference between the revenue of a firm that it…

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A:

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A: First we get the table for easy reference:   TP   Price    TFC     TVC          TC          AFC…

Q: 1. Given the following information: Total Product (TP) Price 0 $6000 1 6000 2 6000 3 6000 4 6000 5…

A: Disclaimer :- since you posted multipart question we are solving first 3 subparts as per guidelines…

Q: Marginal Profit Cost Total Cost Total Marginal Revenue Revenue $15 $19 $15 $20 2 $15 $23 3 $15 $27 4…

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A: The Cost-Volume-Profit (CVP) analysis is a tool used by businesses to understand how changes in…

Q: 8.1 The fixed costs at Harley Motors are $1M annually. The main product has revenue of $9.90 per…

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A: After considering the above table , We can find the Total Fixed cost as follows:

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Q: 8.1 The fixed costs at Harley Motors are $1M annually. The m revenue of $9.90 per unit and $4.50…

A: Profit is calculated by finding the difference between total revenue and total cost.