"Running head: WEEK FIVE DEVOTIONALWeek Five DevotionalNameInstitutionDateWEEK FIVE DEVOTIONAL2Week Five DevotionalAbout the development of profit analysis, there are various tasks needed to be carried out.One of them is determining how related revenues and costs are used to make a decision in anygiven firm. In this case, when profits might be going down, it is necessary first to consider therevenues and the production costs. By making appropriate decisions regarding the variation ofoutput costs, income end up affected and thereby making the profit analysis of any given firm tobe achieved (Hoyle, 2007).Another mode of performing the benefits analysis is by use of differential analysis. Whenusing this approach, the management is carried decisions on whether it should drop those clientswho are unprofitable as a result of lowering the company profits might end up increasing. Theuse of this approach will assist any given company in performing their benefit analysis bypointing out the weakness that might be resulting in losses at the enterprise (Hoyle, 2007).In profit analysis, another method is the make or by decisions. In this case, there is adetermination of variable production costs such as direct materials and direct labor. Besides that,the fixed production costs such as equipment leases, salaries and factory building rent are otherconsiderations that need an outline during profit analysis. With these elements, it is possible for a WEEK FIVE DEVOTIONAL3firm to come up with a good formula based on the variation of various features such asproduction costs with the aim of getting maximum returns. In a nutshell, such approaches areessential to a firm since management can know what to do to enhance their profit. As a result,growth at the corporate level gets experienced (Hoyle, 2007)."