Answer:
Profit = what the artist keeps after selling a painting and paying her costs.
revenue = what the artist receives when a customer buys a painting.
Total cost = what the artist pays for supplies and rent on her art studio.
In this situation, Profit would indicate to what the artist keeps after selling a painting and paying her costs. Revenue would indicate to what the artist receives when a customer buys a painting and Total cost would indicate to what the artist pays for supplies and rent on her art studio.
What is Revenue?The entire amount of money received by an organization's operations over a predetermined period of time is the basic definition of revenue.
Revenue for a business is its gross income before deducting any costs. Revenue is the financial gain from sales and/or provided services and is defined by profits and total earnings.
Revenue is reported on the income statement rather than the balance sheet alongside other assets for accounting purposes. Revenue is used to finance the acquisition of new assets, settle debt, and provide dividends to stockholders. Thus, revenue in and of itself is not an asset.
Revenue is more than just a lifeline, it may also help one gain important business information. One must grow one's revenue if they want to boost their company's earnings. One may boost his profitability by monitoring his revenue and concentrating on increasing it.
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What is foreign employment?
each statement, determine if it is a characteristic of a lease or a purchas
Mileage is limited.
Buying a vehicle
There are no mileage restrictions.
Payments are smaller.
The car is returned after the contract.
You can sell the car at any time.
Payments are generally higher.
Leasing a vehicle
Payment are generally higher in lease purchase
What is lease purchase?Lease purchase allows individual to pay in bit until the full payment of an item is made.
After the payment the individual is entitled to carry or take the property.
It is done based on agreement between the seller and the individual who wants to purchase. The individual pays more because of the time of payment.
Therefore, Payment are generally higher in lease purchase
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Which of the following will cause you to use more data than usual on your smart phone plan each month
The answer choice that would lead to increased data usage would be to a. make a large number of outbound calls
What is a Phone Call?This refers to the medium of communication where a person links up with another person in a different location through the aid of GSM or the Global System of Mobile Telecommunications.
Hence, we can see that from the complete question, there are answer choices and the best fit is option A, even though the others lead to high costs, but outbound calls, have a higher cost.
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Discuss relevance of analyzing social social problem Social work field.
Answer:
A social problem is an issue within the society that makes it difficult for people to achieve their full potential. Poverty, unemployment, unequal opportunity, racism, and malnutrition are examples of social problems. So are substandard housing, employment discrimination, and child abuse and neglect.
Define the key issues of prejudice and discrimination and explain how they impact on people with mental health needs.
4. The monopoly is one of the basic types of market structures. What are its defining
characteristics? Why would a seller want to create a monopoly, and why are
monopolies generally considered harmful to an economy? (4 points)
I
The reason why monopoly is harmful is that it includes disadvantages such as price-fixing, low-quality products, lack of incentive for innovation, and cost-push inflation.
What is the meaning of Monopoly?A monopoly is defined as the dominance of an industry or sector by one company, to the point of excluding all other valid competitors.
A seller is interested to create a monopoly in the market because they can have a dominant position and enjoy the powers of the monopoly. This results in power remaining in the hand of the dominant marketer.
Therefore, this is the reason monopoly is harmful to an economy.
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ways in which community Can help in Shaping one's personalities
Answer: The community has a big influence in shaping one's community because you are a person living in that said community. The culture, trends, practices, and such will affect your habits, decisions, and choices because the community is a big impact on your life.
When considering local issues, which point of view is best?
Both human needs and environmental protection should be considered.
Human needs must always come before environmental protection.
Either human needs or environmental protection should be considered, depending upon the situation.
Environmental protection must always come before human needs.