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What is the amount of money remaining after the costs of a business have been paid?
Wiki User
∙ 15y ago
Profit
Wiki User
∙ 15y ago
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Why are costs profit and revenue important?
Revenue is important because it is the money that comes into the business and the business will be able to use it on any possible equipment or resources that are needed. Profit is important because it is the money the business has after deducting all the costs. The business will be able to spend this money on any equipment or resources that are needed. Costs is important because it helps the business see how much money this business will have after payng for all the costs.
Profit is the amount of money that remains after all of the costs of production have been paid?
True
In business what does inthe red or black mean?
red = negative black = positive you are "in the red" if your business has a negative amount of money (i.e. lots of debt), or doesn't have enough money to cover its expenses.
What is The total amount of money a business takes in during a given period by selling goods and services is called?
Revenue
What is initial cost?
An initial investment is the amount of money a company, business, franchise, partnership, or sole proprietorship starts out with to expand their company or business in the beginning.
What is the amount of money remaining after the costs of business have been paid?
Profit
Is the the amount of money remaining after producers have paid all of their costs?
It's called Profit.
Why managers need to know what is contribution margin and the importance to their products?
By determining the CM a business will know what money it has remaining to go towards its fixed costs and profit.
Does profit means money that remains after costs of running business?
Yes profit means money that remains after a costs of running a business
Why are costs profit and revenue important?
Revenue is important because it is the money that comes into the business and the business will be able to use it on any possible equipment or resources that are needed. Profit is important because it is the money the business has after deducting all the costs. The business will be able to spend this money on any equipment or resources that are needed. Costs is important because it helps the business see how much money this business will have after payng for all the costs.
How do you calculate Labor cost percentage?
The labor cost percentage is the amount f money a business can allocate to its employees for hours worked. This is calculated by wages and the external costs of a business.
Why is it important for a business to know about all its costs?
•Lower costs mean higher profit. •They show managers are efficient. •If costs are kept down, more money can be spent (invested) to improve the business. •If you can lower costs, you can lower prices and sales will increase. •The business must know what its costs are in order to cut them. •If costs are high it shows the business is wasting money.
What are typical start up costs for a small retail business wine store?
Some typical start up costs for a retail store includes the cost of inventory, rent and employee salaries. The amount of money you will need to get your business started varies depending on the type of business you will start.
How much does it cost a small business to give benefits?
It costs a small business to give benefits to employees a lot of money. The specific amount will depend on the benefits they provide and the insurance company you choose.
What is Running cost?
Running costs in are associated with companies and businesses. The running costs are simply the amount of money needed to make the company "run". Running costs include staff payment, electricity costs and resources etc. Running costs are the cost for day-to-day running of the business
What is business income?
Business income is the amount of money received through your business.
Is turnover the same as profit?
No !! Turnover is the amount of money that is used for the business to trade, profit is the amount of money that is left after the costs of the business have been subtracted from the income from the business. turnover in general sense means the total revenue derieved by an enterprise from its primary business . however different rules and provisions of various laws and acts define turnover differently . There cannot be any stable definition for turnover .
