Jim Profit
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Jun 12, 2024 · Profit is a financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs and taxes needed to sustain the activity. Any profit that is ...
PROFIT definition: 1. money that is earned in trade or business after paying the costs of producing and selling goods…. Learn more.
Nov 28, 2020 · Profit is when revenue is greater than costs. Businesses try to maximize profit, also known as the "profit motive." It also drives the stock market.
Apr 21, 2023 · Profit is the money earned by a business when its total revenue exceeds its total expenses. Any profit a company generates goes to its owners, who may choose to distribute the money to shareholders as income, or allocate it back into the business to finance further company growth. The method of calculating profit is simple: subtract a business ...
Profit is the value remaining after a company’s expenses have been paid. It can be found on an income statement. If the value that remains after expenses have been deducted from revenue is positive, the company is said to have a profit, and if the value is negative, then it is said to have a loss (see: P&L statement ). Other terms that mean the same thing are earnings and income.
