ECONOMICS
BUDGETING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Revenue-losses
|
|
|
Losses-revenues
|
|
|
Revenues +net worth
|
|
|
Revenues + losses
|
Detailed explanation-1: -If your total expenses are more than your revenues, you have a negative net income, also known as a net loss.
Detailed explanation-2: -Net Revenue = Gross Revenue – Returns – Discounts The formula for projecting revenue can be specific to the company, but the most common approach is the “price x quantity” method.
Detailed explanation-3: -Subtract the total expenses from the total revenue. If the expenses are higher than the income, this calculation yields a negative number, which is the net loss.
Detailed explanation-4: -Your net income or net loss equals your total revenues minus your total expenses for an accounting period. If your revenues are greater than expenses, you have net income. If revenues are less than expenses, you have a net loss.
Detailed explanation-5: -add up all your income for the month. add up all your expenses for the month. calculate the difference by subtracting total expenses away from total income. and the result is your profit or loss.