What is the revenue for a specific day, Accounting Basics

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What is the revenue for a specific day

Your profit P is determined by subtracting the cost C (the amount of money it costs to operate a business) from the revenue R (the amount of money you earn from selling your product). Profit can be represented algebraically by the equations

Profit=Revenue-Cost

P = R - C

a) Rewrite the formula to solve for C.

b) Suppose your profit for one day is $1,281, and the cost of running the business for the day is $1,463. What is the revenue for that day Explain your answer.

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Accounting Basics: What is the revenue for a specific day

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Recent Questions Asked Accounting Basics

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Reference No:- TGS0529447

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