Question

A company makes $200,000 in a year and has $150,000 in production costs, leaving them with $50,000. The $200,000 represents what

Answer 1

The $200,000 represents the total revenue of the company for the year. The $150,000 in production costs represents the total cost of producing goods or services for the year. The difference between the two, $50,000, is the company's net profit for the year.