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What is the connection between profit costs and expenses?
Profit, costs, and expenses are important within any business' profit and loss statements. The connection is that anything that is more than the costs and expenses of a product or service offered by a business is profit.
Which term refers to the money that remains after all the costs of production have been paid?
profit
Profit is the amount of money that remains after all of the costs of production have been paid.?
True
What term refers to the money that remains after all the costs of production have been paid?
Gross Profit
What is the business definition for profit loss statement?
The business definition of the profit loss statement is a financial statement that explains your costs, expenses and revenues in a specific time period.
If the income of a business exceeds its costs the money that remains is called the?
profit
What is a profit?
A profit is the money that remains after all the costs have been paid.
What is the profit that remains after the operating costs have been deducted from the gross profit?
nett
What are the costs of business known as?
if you are talking about the costs associated with running a business, they are called "operating costs" there are also the costs that are required to get a business running, they are called "startup costs"
Why are running costs important?
They reduce profit.
What is the connection between profit costs and expenses?
Profit, costs, and expenses are important within any business' profit and loss statements. The connection is that anything that is more than the costs and expenses of a product or service offered by a business is profit.
Factors that make up home loan rate?
cost of money to the lender, costs of running the business, a provision for default and an element of profit.
Which term refers to the money that remains after all the costs of production have been paid?
profit
Profit is the amount of money that remains after all of the costs of production have been paid?
True
Profit is the amount of money that remains after all of the costs of production have been paid.?
True
What is Running cost?
Running costs in are associated with companies and businesses. The running costs are simply the amount of money needed to make the company "run". Running costs include staff payment, electricity costs and resources etc. Running costs are the cost for day-to-day running of the business
What are the key differences between income and profit?
Income is what one receives; profit is whatever part of the income is left after all business expenses and costs are paid. So the difference between income and profit is the total of business expenses and costs.
