False. Profit is not just the money a business collects; it is the amount remaining after all expenses, costs, and taxes have been deducted from total revenue. In other words, profit is the net income that indicates the financial health of a business.
True
True. Profit is defined as the difference between earned income (revenue) and costs (expenses). If income exceeds costs, a profit is generated; if costs exceed income, a loss occurs.
True
false
false
A person cannot be profit - therefore, a person also cannot be false profit.
Not really...Gross profit = Net sales - Cost of goods soldThe profit on an item is not dependent upon all of your operating expenses. You would include operating expenses to determine net income for the business, but not to calculate gross profit for the sale of inventory.
False
False.
false
False
False
False
False
"reimbursed" ... Not clear whether you mean collects welfare or collects child support, but in either case the answer is, the State will not reimburse the NCP.
Deceived - 2013 False Profit 1-2 was released on: USA: 1 April 2013
The statement is false.