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What is profit simple answer?

Sagot :

Profit describes the financial benefit realized when the revenue generated from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity in question.

In accounting, sales is the full quantity of income generated by means of the sale of goods and offerings associated with the number one operations of the business. industrial revenue can also be known as sales or as turnover. sales is the whole amount of earnings through the sale of goods or offerings associated with the enterprise's operations. income sales is income acquired from promoting goods or services over a period of time. Tax revenue is earnings that a central authority gets from taxpayers. Fundraising revenue is income received by using a charity from donors and many others. to further its social functions.

Business revenue is money profits from sports which are normal for a particular corporation, business enterprise, partnership, or sole proprietorship. For some organizations, along with manufacturing or grocery, most sales are from the sale of products. carrier organizations which include law firms and barber stores receive the maximum of their revenue from rendering offerings. Lending corporations such as car leases and banks get hold of a maximum of their sales from charges and interest generated with the aid of lending belongings to other organizations or people.

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