This is from business studies
2007-12-14 12:08:14 · 12 answers · asked by sheyibalo 1 in Business & Finance ➔ Advertising & Marketing ➔ Other - Advertising & Marketing
Any residual amount that is leftover after meeting the Operating Costs, Cost of Goods / Services from Sales of Products / Services in a given time period.
2007-12-17 14:57:24 · answer #1 · answered by Habib 6 · 0⤊ 0⤋
Depends what you mean by profit.
Gross profit is sales price - buying price
Net profit is value of sales less all business costs
Taxable profits depends entirely on how good your accountant is!
Check out the accounts for some property companies and you will find that they depreciate the value of property, when in real terms property tends to appreciate.
A percentage of the depreciation is set against the profits thus reducing the tax liability. There are numerous other ways of reducing profits , things like contributions to pension schemes. If a company is owned and run by the directors, then they can use all sorts of mechanisms to reduce tax.
real profits are what you can put in your pocket!
2007-12-14 13:13:42 · answer #2 · answered by Anonymous · 0⤊ 1⤋
Profit is the amount remaining after paying for the costs associated with the goods or services sold and expenses necessary to operate the business
2007-12-14 12:11:57 · answer #3 · answered by jwishz 7 · 0⤊ 0⤋
It only counts if a business has more than fifty employees. Less than that and they don't have to have insurance on their workers. I will agree that things are very fuzzy for the average guy to understand, but they need more money to publicize the kinds of things that business will have to do, and needless to say the Republicans, hoping this will fail, won't authorize it. But small business owners need insurance at affordable rates just the same as everyone else, they aren't in a separate category of human who doesn't need insurance. They'd be happy as the rest to get decent coverage.
2016-04-09 03:43:23 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Profit is the revenues minus the expenses.
2007-12-14 12:10:45 · answer #5 · answered by Tim 7 · 0⤊ 0⤋
Gross profit is income minus expenses. Net profit is income minus expenses minus allocated costs.
2007-12-14 13:54:07 · answer #6 · answered by googie 7 · 0⤊ 0⤋
The excess of total revenue over total cost during a specific period of time.
2007-12-14 12:16:54 · answer #7 · answered by Anonymous · 0⤊ 0⤋
profit is what's left after you pay the overhead and operating expenses.
2007-12-14 16:34:00 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Profit is all. There is nothing else.
2007-12-14 12:11:11 · answer #9 · answered by Spotlight 5 · 0⤊ 1⤋
an outcome of the income and expenses
2007-12-14 16:02:29 · answer #10 · answered by chandrasekaran s 3 · 0⤊ 0⤋