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Answered

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“How does revenue affect profit. How do expenses affect profit

How Does Revenue Affect Profit How Do Expenses Affect Profit class=

Sagot :

Answer:

Profit depends on a simple formula: revenue minus expenses. The amount that your business ultimately earns is equal to the amount you have made in exchange for products or services minus the amount you have spent to keep your business running.

As a general rule, an increase in any type of business expense lowers profit. Operating expenses are only one type of expense that reduces net sales to reach net profit.

Explanation:

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