Why Choose Us?
0% AI Guarantee
Human-written only.
24/7 Support
Anytime, anywhere.
Plagiarism Free
100% Original.
Expert Tutors
Masters & PhDs.
100% Confidential
Your privacy matters.
On-Time Delivery
Never miss a deadline.
i need a term
i need a term. lets say i want to count my profit after i deduct the cost of the construction of the facilities. how many months would i need to cover my original cost. is there any term for this? revenue, breakeven?
Expert Solution
A term that can be used for finding the profit after deducting the cost is called the gross margin which is calculated by deducting the expenses from the revenue. The profit earned after covering up all the expenses including fixed cost, variable cost and over heads reaching a point where marginal revenue is in equilibrium with marginal cost is called as break-even point. It is calculated by dividing the fixed cost of production by per unit minus variable cost of production. Anything above break even point is purely profit.
Archived Solution
You have full access to this solution. To save a copy with all formatting and attachments, use the button below.
For ready-to-submit work, please order a fresh solution below.
