BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Total money obtained by selling goods
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Difference of fixed price and selling price
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Value remaining after subtracting expenses from earnings
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Total expenses in transaction
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Detailed explanation-1: -Net profit is the amount of money your business earns after deducting all operating, interest, and tax expenses over a given period of time. To arrive at this value, you need to know a company’s gross profit. If the value of net profit is negative, then it is called net loss.
Detailed explanation-2: -Net Income is the difference between total revenue and total expenses. It is calculated by subtracting total expenses from total revenue.
Detailed explanation-3: -Profit is the money left over after subtracting total costs (expenses) from the total amount of sales (revenue).
Detailed explanation-4: -What is Net Income? Net income is the amount of accounting profit a company has left over after paying off all its expenses. Net income is found by taking sales revenue and subtracting COGS, SG&A, depreciation, and amortization, interest expense, taxes and any other expenses.
Detailed explanation-5: -Total Revenues – Total Expenses = Net Income It may also be called “net profit” or “net earnings.” Whatever term you use, they all refer to a company’s profits that remain after subtracting business expenses from revenues. When your net income is negative, it’s called a net loss.