ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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cash
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capital
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profit
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resource
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Detailed explanation-1: -Net profit (also called net income or net earnings) is the value that remains after all expenses, including interest and taxes, have been deducted from revenue.
Detailed explanation-2: -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-3: -The amount earned by a business from the sale of goods or provision of services.
Detailed explanation-4: -Profit is the money you have left after paying for business expenses. There are three main types of profit: gross profit, operating and net profit. Gross profit is biggest. It shows what money was left after paying for the goods and services sold. Operating profit is next.
Detailed explanation-5: -There are three main measures of profit. These are gross profit, operating profit and net profit.