UNIT 1 Flashcards
1
Q
PROFIT
A
TOTAL REV - TOTAL COSTS
2
Q
TOTAL COSTS
A
FIXED COSTS + VARIABLE COSTS
3
Q
REVENUE
A
QUANTITY SOLD X AVERAGE SELLING PRICE
PROFIT
TOTAL REV - TOTAL COSTS
TOTAL COSTS
FIXED COSTS + VARIABLE COSTS
REVENUE
QUANTITY SOLD X AVERAGE SELLING PRICE