Elisha, Elijah, Job, and others.
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Bottom-line profits
greater then economic profits,as accounting profits do not include implicit costs
SmartShop's profits have been growing at 5% per year. This year their profits were approximately $500,000. What were their profits last year?
The company's profits decreased by 12%
The answer depends on the period for which the old profits are required.
Profits = revenues - expenses
They recieved few profits
The Profits of Religion was created in 1917.
The Profits of Extermination was created in 2005.
Profits - Expense = Savings and Investment Profits keep a business going as long is it is more than expense.
Also referred to as paper profits. They are profits that appear on you P&L. Whether they are real or not is a different topic.