Accounting Profit Calculator
Parameter | Description | Example Value |
---|---|---|
Total Revenue | The total revenue generated from sales. | $500,000 |
Total Explicit Costs | The total explicit costs (e.g., wages, rent, materials). | $300,000 |
Accounting Profit | The profit calculated by subtracting total explicit costs from total revenue (Total Revenue – Total Explicit Costs). | $200,000 |