Question

After a few months, Marco sits down with his accountant to discuss the progress of his bakery. His accountant goes into great detail about the cost, revenue and profit or

the bakery. While Marco understands clearly what the cost of his business is, he has trouble distinguishing between revenue and profit. Which of the following best explains the difference? A. The profit is how much the bakery earns over a period of time, while the profit is the costs that Marco has to spend minus the revenue. OB. The revenue is how much the bakery earns over a period of time, while the profit is the revenue minus any costs that Marco has to spend. C. The revenue is how much the bakery earns over a period of time, while the profit is the costs that Marco has to spend minus the revenue. 1. The profit is how much the bakery earns over a period of time, while the revenue is the profit minus any costs that Marco has to spend.

Fig: 1

Fig: 2

Fig: 3

Fig: 4

Fig: 5