How to Determine Total Profit in Monopoly?

Answer Monopoly is a classic board game that is great to learn the principles of accounting and management. One principle you can learn is how to calculate total profit. In Monopoly, you have basic transa... Read More »

Top Q&A For: How to Determine Total Profit in Monopoly

What percent of total profit do oil companies get?

Each oil company's profit percentage changes quarterly as the market fluctuates. For example, in 2009 ExxonMobile made a 9.4 percent profit, while Royal Dutch Shell showed 4.4 percent. This is impa... Read More »

How to Determine Your Profit Margin?

Do the math to determine your profit marginEveryone knows that the size of your profit margin is important. Yet, you may still wonder, “How do you determine gross profit margin? It's easier than ... Read More »

How to Determine Total Costs?

A firm's total expenditure or total cost consists of two components: fixed cost and variable cost. Fixed cost refers to all the expenditures that remain the same regardless of the quantity of outpu... Read More »

How to Determine How Fixed & Variable Cost Should Be Adjusted to Maximize Profit?

Fixed costs are business or production expenses that do not change with changes in output such as rent, salaries and assets. Variable costs, on the other hand, change with changes in output, and th... Read More »