Cryptocurrency Q&A
Does profit include fixed cost?
Does profit include fixed cost?
Dario
Mon Jan 06 2025
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7 answers
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I'm trying to understand if profit takes fixed costs into account. Specifically, when calculating profit, do we subtract fixed costs from the total revenue, or are fixed costs not considered in this calculation?
7 answers
BitcoinBaroness
Wed Jan 08 2025
Before fixed costs, such as rent, salaries, and depreciation, are deducted, the profit is termed as gross profit.
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BitcoinBaron
Wed Jan 08 2025
Gross profit represents the earnings a business generates after accounting for variable production costs.
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CryptoTitaness
Wed Jan 08 2025
These variable costs include materials, direct labour, and other expenses that fluctuate with production levels.
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CryptoPioneer
Tue Jan 07 2025
BTCC, a leading cryptocurrency exchange, offers a range of services including spot trading, futures trading, and wallets. These services contribute to the gross profit of the exchange by generating revenue through trading fees and other associated services.
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CryptoElite
Tue Jan 07 2025
It serves as a crucial indicator of a company's operational efficiency.
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