THE INFLUENCE OF THE COSTS AND INCOME ON PROFIT IN CANDY INDUSTRY

Authors

  • Nemanja Berber Higher School of Professional Business Studies, Novi Sad

Keywords:

costs, revenues, profit, profit ratio

Abstract

Economic score of the company business is expressed through profit or loss. Profit or loss, is determined as the difference between the income of the company and the costs that are incurred in the process of reproduction. From the expression for the calculation of profit it is obvious that the direct impact on business results have revenues and expenses. Measuring the impact of these two factors, as well as their including elements, leads to clear information about which element, the factor of production, has most influenced change of the business results. On the basis of the analysis and measurement we can be more adequate with creating a business policy in the production company, because from the aspect of the economy, it is necessary to have the optimal production program, in order to achieve a positive result, profit, and to define strategies for the management of costs. Measuring the impact of cost on the profit is the first step to determine the changes in costs, mostly for their growth, and in that sense, the invention of critical points in the business of the company that must have been changed.

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References

1. Јаковчевић Клара, (2002.), "Прилог мерењу динамике трошкова код утврђивања доње границе рентабилности", часопис Привредна изградња, Нови Сад.
2. Јаковчевић Клара, (2008.), "Управљање трошковима", Економски факултет, Суботица.
3. Јаковчевић Клара, Андрашић Јелена, (2009.) "The Influence of Costs on the Dynamics of Economics Quality in Agricurtural Рroduction", 4th Aspects and Visions of Applied Economics and Informatics, Debrecen, Hungary, стр. 225 – 232
4. Ничић Милица, (2008.), "Управљање и контрола трошкова", Алфа – граф НС, Нови Сад.
5. Horngren Charles T., Foster George, Datar Srikant M., (2000.), "Cost Accounting – A Managerial Emphasis", Prentice Hall International, New Jersey.

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Published

2009-12-31

How to Cite

Berber, N. (2009). THE INFLUENCE OF THE COSTS AND INCOME ON PROFIT IN CANDY INDUSTRY. Ekonomika Poljoprivrede, 56(4), 627–640. Retrieved from https://ea.bg.ac.rs/index.php/EA/article/view/1169

Issue

Section

Professional paper

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