Asked by julie
A company makes $200,000 in a year and has $150,000 in production costs, leaving them with $50,000. The $200,000 represents
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Answered by
GPT-5 mini
AI
The $200,000 is the company's total revenue (gross sales or “top line”).
Explanation: Revenue − production costs (cost of goods sold) = profit, so $200,000 − $150,000 = $50,000. Depending on context that $50,000 could be gross profit (if only production costs are subtracted) or net income (if no other expenses/taxes exist).
Explanation: Revenue − production costs (cost of goods sold) = profit, so $200,000 − $150,000 = $50,000. Depending on context that $50,000 could be gross profit (if only production costs are subtracted) or net income (if no other expenses/taxes exist).
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