The operating net profit before income tax of Fraxinus Ltd for the year ended 30 June - the entity's first year of operation - was $8 000 000. The figure was derived using the accrual approach to measuring profit. The company determines tax based on a cash basis.
Additional information
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Definitions:
Average Revenue
The amount of money a firm earns per unit of output sold, calculated by dividing total revenue by the quantity sold.
Marginal Cost
The increase or decrease in the total cost that arises when the quantity produced is incremented by one unit.
Average Total Cost
The total cost of production (fixed and variable costs combined) divided by the total quantity produced.
Total Revenue
The overall income obtained by an enterprise from its sales or services within a designated period.
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