COSTS, REVENUES AND PROFITS

Beschreibung

Mental map about costs, profits and revenues in a business
Milagros Badillo Palomino
Mindmap von Milagros Badillo Palomino, aktualisiert more than 1 year ago
Milagros Badillo Palomino
Erstellt von Milagros Badillo Palomino vor mehr als 7 Jahre
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Zusammenfassung der Ressource

COSTS, REVENUES AND PROFITS
  1. COSTS
    1. Total expediture incurred by a business
      1. Necessary to meet the operations of the business
      2. TYPES
        1. CHANGE
          1. Fixed
            1. Variable
              1. Semivariable
              2. ALLOCATION
                1. Direct
                  1. Indirect
              3. REVENUES
                1. Money received by a business as a result of trading operations
                  1. Formmula: Total Revenues= Unitary Price X Quantity Sold
                2. PROFITS
                  1. Formula: Total Revenues - Total Costs
                    1. Indicator of business success
                      1. If possitive, indicates good state
                        1. If negative, indicates a bad state
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