profit is important for a business because without profit there is no business. they need to generate profit to keep the business alive. profit well help the move up the business ladder to become a more successful business !
because business is all about the large profit at low budget
retained profit is important to a business because it helps in maintaining the business secrets as the business is using the internal source of finance, is also important because it is a way of saving interest
If there is no profit the business fails because thats the reason for the business in the first place. :-)
privately owned business owners share no profits. they pay taxes and that is not sharing profit.
profit is important for a business because without profit there is no business. they need to generate profit to keep the business alive. profit well help the move up the business ladder to become a more successful business !
it makes the legitimate business owner to make no profit and when the profit decline, workers loss their jobs
because business is all about the large profit at low budget
Only if the business is making a profit and the owner chooses to pay himself.
Either the sole proprietor or the profit may be reinvested in the business in which case the sole proprietorship.
Drawings are reduction of capital as it is owner withdrawal of cash from business and it do not affect profit.
Profit is important to businesses because it is how they continue to remain open. When a business isn't profitable it will cease to exist.
retained profit is important to a business because it helps in maintaining the business secrets as the business is using the internal source of finance, is also important because it is a way of saving interest
If there is no profit the business fails because thats the reason for the business in the first place. :-)
Profit means the difference between revenues and expenses. This left over amount is the business owner's reward for the risk they took in undertaking the business.
Profit means the difference between revenues and expenses. This left over amount is the business owner's reward for the risk they took in undertaking the business.
because the lower the cost the more profit the business makes profit = revenue - cost