Profit describes
the financial benefit realized when revenue generated from a business activity exceeds the expenses
, costs, and taxes involved in sustaining the activity in question. … Profit is calculated as total revenue less total expenses.
What is profit very short answer?
In general, the profit is defined as the
amount gained
by selling a product, which should be more than the cost price of the product. It is the gain amount from any kind of business activity.
What is the best definition of profit profit is the possible income from producing an additional item?
Profit
is the possible income from producing an additional item. … Profit is the additional income gained from selling an additional good. Profit is the financial gain from business activity minus expenses.
What is the definition of profit quizlet?
Profit is defined as –
The financial benefit that is realised when the amount of revenue gained from a business activity exceeds the expenses
.
What is the definition of profit Brainly?
Brainly User. Answer:
a financial gain
, especially the difference between the amount earned and the amount spent in buying, operating, or producing something. “record pre-tax profits”
Which of the following is the best definition of a profit center?
A profit center is
a business unit or department within an organization that generates revenues and profits or losses
. … The manager of a profit center usually has the authority to make decisions regarding how to earn revenue and which expenses to incur.
What is a normal profit?
Normal profit is a profit metric that takes into consideration both explicit and implicit costs. It may be viewed in conjunction with economic profit. Normal profit occurs when
the difference between a company's total revenue and combined explicit and implicit costs are equal to zero
.
What is profit explain?
Profit describes
the financial benefit realized when revenue generated from a business activity exceeds the expenses
, costs, and taxes involved in sustaining the activity in question. … Profit is calculated as total revenue less total expenses.
What is profit and example?
Profit is a term that
often describes the financial gain a business receives when revenue surpasses costs and expenses
. For example, a child at a lemonade stand spends one quarter to create one cup of lemonade. She then sells the drink for $2.00. Her profit on the cup of lemonade amounts to $1.75.
What is a profit answer?
What Is Profit? For businesses, profit is
the positive financial gain remaining after all costs, taxes, and expenses have been deducted from total sales
. A business owner will either apportion profits or reinvest them back into their company.
What is profit motive quizlet?
Profit Motive.
the force that encourages people and organizations to improve their material well-being
.
Is profit and revenue the same?
Revenue is the total amount of
income
generated by the sale of goods or services related to the company's primary operations. Profit, which is typically called net profit or the bottom line, is the amount of income that remains after accounting for all expenses, debts, additional income streams, and operating costs.
Is the profit motive?
The profit motive is
the intent to achieve a monetary gain in a project, transaction, or material endeavor
. Profit motive can also be construed as the underlying reason why a taxpayer or company participates in business activities of any kind.
What is profit Wikipedia?
From Simple English Wikipedia, the free encyclopedia. Profit is
how much money somebody (normally a company) makes
. This is found by subtracting how much money they have spent (expenditure) from how much money they have brought in (revenue).
Which is the best definition of hyperinflation?
Hyperinflation is a term to describe
rapid, excessive, and out-of-control general price increases in an economy
. While inflation is a measure of the pace of rising prices for goods and services, hyperinflation is rapidly rising inflation, typically measuring more than 50% per month.
Who was Adam Smith Brainly?
Answer: Adam Smith was
a scottish economist , philosopher
. He is call the father of economics. In his theory of Moral Sentiments he proposed the idea of an invisible hand i.e the tendency of free markets to regulate themselves by means of competition, supply and demand, and self-interest.
