BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Sales
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Profit
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Expenses
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Costs
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Detailed explanation-1: -Net income: Net profit can be defined as the amount of money you earn after deducting allowable business expenses. It is calculated by subtracting total expenses from total revenue.
Detailed explanation-2: -The difference (or “net") between the revenues and expenses for Direct Delivery is often referred to as the bottom line and it is labeled as either Net Income or Net Loss.
Detailed explanation-3: -Net income is the profit left after deducting total expenses from gross income. Understanding the difference between the two is key to understanding your business’s financial health.
Detailed explanation-4: -Business income is the amount received from your customers for the goods or services that you have sold to them. It includes any amount received for expenses or materials you invoiced to your customers. Business expenses are the money that you have to spend in order to run your business.
Detailed explanation-5: -Profits are the net gain made after deducting all expenses. Profitability is based on the extent to which a business makes or earns its profits.