Economic Profit

The Economic Profit calculator computes the Economic Profit by taking the total revenue and subtracting the total opportunity costs (not just the explicit costs, but also the implicit costs) of a venture to an investor. (see also Accounting Profit)  

INSTRUCTIONS Choose units and enter the following:

• (TR) Total Revenue
• (EC) Explicit Costs
• (IC) Implicit Costs

Economic Profit (EP): The calculator returns the Economic Profit in U.S. dollars.  However this can be automatically converted to compatible units via the pull-down menu.

The Math / Science

The formula for economic profit is:

   EP = TR - (EC + IC)

where:

• EP is the Economic Profit
• TR is the total revenue
• EC is the explicit costs
• IC is the implicit costs

Accounting and Balance Sheet Calculators

• Accounting Profit - Accounting Profit is an income distributed to the firm in a profitable market production process (business).
• Accounting Assets - Value of assets (current and fixed) of a company
• Owners Equity - Assets minus Liabilities
• Accounting Liabilities - Liabilities are equal to the Assets minus the Shareholders Equity.
• Accounting Assets based on liabilities, stocks, retained earnings, revenue and expenses.
• Economic Profit - Includes revenue and explicit and implicit costs.
• Return On Investment (ROI) - The ROI equation is used to measure the benefits of a particular investment or to compare the performance or benefits across several other investments. It is also known as the rate of return.
• Cash Variance - Variance is the difference between a budgeted, planned or standard cost and the actual amount incurred/sold.
• Cash Variance % - Variance as a percentage
• Cash Variance % (v2)  - Variance percent. 
• compute the sum of Expenses, Revenue sources, Liabilities, Stocks, etc,CLICK HERE.

Resource:

• Mankiw, N. Gregory. "Chapter 13:What Are Costs?" Principles of Microeconomics. 6th ed. Mason, OH: Thomson/South-Western, 2004. 260-62. Print.