greater then economic profits,as accounting profits do not include implicit costs
Profits = revenues - expenses
many firms will earn profits in the short term, but they must constantly innovate and compete to earn profits in the long term
economic profits in a industry suggest the industry
No.
Alamy was created in 1999.
Kaddour El Alamy was born in 1742.
Kaddour El Alamy died in 1850.
Alamy is a stock photography website that sells images on behalf of major collections, individual photographers and agencies. Alamy images can be found and purchased through their website.
Fawaz Abdul Sattar Al-Alamy has written: 'Growth and x-ray analysis of the series of tin zirconium disulphide'
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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