Total revenue minus total cost equals:a. quantity.b. change in profit.c. marginal cost.d. marginal revenue.e. profit.

Understanding ProfitThe concept of profit is very simple in business and economics; it reflects the…

Answered: Total revenue minus total cost equals:…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter11: Differential Analysis And Product Pricing

Section: Chapter Questions

Problem 1DQ: Explain the meaning of (A) differential revenue, (B) differential cost, and (C) differential profit...

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Similar questions

Explain the meaning of (A) differential revenue, (B) differential cost, and (C) differential profit (loss).
The difference between sales and marginal cost is______________ a. Fixed Cost b. Profit c. Sales price d. Contribution
1. The amount by which an item contributes towards covering fixed cost and providing for profit is known as: a. gross profit b. gross margin c. contribution margin d. net margin
The difference between total sales in dollars and total variable expenses is called: a. net profit b. net operating income c. the gross margin O d. the contribution margin
On a cost-volume-profit graph, when the Total Cost line is higher than the Total Revenue line, the difference represents Select one: O A. a positive return on the investment O B. a net loss O C. net income O D. not enough information is presented
When we reduce Total expenses from Revenue , the result is called as ........... a. Cost b. Revenues c. Expenses d. Net income or Net Loss
What is the gross profit margin? Higher ratio or lower ratio
9. The point where the sales line and the total expense line intersects represents the A. profit point. B. contribution point. C. breakeven point. D. margin point.
Which of the following statement is correct for relevant costs? a.It is avoidable, future and measured by cash b.It is avoidable, future and measured by profit c.It is unavoidable, future and measured by cash d.It is unavoidable, future and measured by profit
What ratio indicates the percentage of each sales dollar that is available to cover fixed costs and to provide a profit? A. Margin of safety ratioB. Contribution margin ratioC. Costs and expenses ratioD. Profit ratio
What's the difference between the profit margin and gross margin ratio?
Which of the following ratios indicates the percentage of each sales dollar that is available to cover fixed costs and to provide a profit? a. costs and expenses ratio b. contribution margin ratio c. margin of safety ratio d. profit ratio

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Total revenue minus total cost equals: a. quantity. b. change in profit. c. marginal cost. d. marginal revenue. e. profit.