SETTLING NORTH AMERICA 1497 1732
THE SOUTHERN COLONIES SETTLEMENT AND GROWTH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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money made after all bills are paid
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the money owed to the bank
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a charter for new land
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an act allow religious freedom
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Detailed explanation-1: -Profit is the revenue remaining after all costs are paid. These costs include labor, materials, interest on debt, and taxes. Profit is usually used when describing the activity of a business. But everyone with an income has profit. It’s what’s left over after paying the bills.
Detailed explanation-2: -There are three main measures of profit. These are gross profit, operating profit and net profit.
Detailed explanation-3: -Net profit reflects the amount of money you are left with after having paid all your allowable business expenses, while gross profit is the amount of money you are left with after deducting the cost of goods sold from revenue.
Detailed explanation-4: -There are two types of profit: accounting profit and economic profit. Accounting profit is total revenue minus explicit costs and depreciation. Economic profit is total revenue minus explicit costs and implicit costs.
Detailed explanation-5: -What Does Profit Tell You? Profit is the money a business pulls in after accounting for all expenses. Whether it’s a lemonade stand or a publicly-traded multinational company, the primary goal of any business is to earn money, therefore a business performance is based on profitability, in its various forms.