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What is the term used to describe the difference between revenue and expenses?
Revenue is the amount of money a business/person makes as a whole. Expenses are things that a business/person has to pay for with their revenue such as utilities that a business uses. What's left over from the revenue after the expenses are paid for is profit.
How might this influence entrepreneurial spending?
Entrepreneurs would have more incentive to invest in new business, as some of their expenses would be cheaper.
The costs of goods and services used in the process of earning revenues are called?
A business or company has expenses. Expenses include the costs of goods and services that are used in the process of earning revenues.
Why is it necessary to have knowledge of the legislation involved in business?
It is necessary to have knowledge of legislation involved in business because it affects how businesses operate and can affect the prices of goods and services.
What are economical risks involved in international business?
Typos.
And what is general and administrative expenses?
General and administrative expenses are those expenses which requires to run day to day business activities no matter if there is production going on or not.
Can a wife be sued for husband's business expenses?
It depends on the form of the business and whether there is community property involved.
What is the definition in expenses in business?
ordinary business expenses
What are out of pocket expenses?
Out of pocket expenses are business expenses for which the individual who accrues these expenses is not reimbursed by the company they are employed by or from the business itself if they are the business owner.
What tax credits are available starting a small business?
Your best option is going to come in from writing off expenses. Keep in mind that pretty much anything which is involved in your company, even meals, can be written off.
How does payroll affect a business?
Payroll must be met if a business is going to have workers. A business that cannot keep up with the demands of the payroll expenses will not be in business very long.
What is General and Administrative expense?
General and administrative expenses are those expenses which requires to run day to day business activities no matter if there is production going on or not.
What is Preliminary Expenses?
All the expenses which a business incurred from start of business to actual start of operations of revenue generating activity of business is called preliminary expenses.
What expenses are involved in being a pediatrician?
When becoming a pediatrician, the expenses involved are:College- but it depends on what college you are going to and the degree that you want.also, if you want to open up your own practice, you have to buy equiptment, deal with rent, hire employees and other stuff that involves bussiness.
What is loss in business?
it is a situation where income is not enough to meet the running expenses(operating expenses) of the business
Money left after a business pays expenses?
1. Money left after a business pays expenses
What is the definition of 'Accrual Accounting'?
Accrual Accounting is a method of accounting of keeping track of revenues and expenses no matter when the exchange occurs. Revenues are money received and expenses are moneys going out of the business.
