Speak with confidence at your next financial meeting by calculating your gross profit with Microsoft Excel. Excel provides several built-in functions and operators to calculate total cost, revenue ...

Economists consider the relationship between total revenue profits and total costs when calculating the overall value of a business venture. Total cost calculations provide a method for ...

Key Points Learn to calculate total expenses by subtracting net income from total revenue. Net income is found by adjusting owners' equity for profits, losses, and capital changes.

Accounting profit is the profit after costs and expenses are subtracted from total revenue while economic profit factors in opportunity costs.

Learn about how price and cost affect a company's gross profit margin and how variance can be calculated based on changes in these two variables.

Net income as a percentage of revenue is known as the net profit margin, and it can be useful for businesses to know.

To demonstrate, we can calculate a company's total expenses based on its total revenue from the income statement and its owners' equity from the balance sheet.