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What else can I help you with?
How do you calculate economic profits?
Profits = revenues - expenses
Basic business concept?
The basic concept in business is to keep the overhead/expenses low and profits high. This means good money management.
What is the difference between earnings and profit?
Earnings include expenses, while profits are less expenses. Businesses try to maximize profits by reducing expenses, which is why some businesses charge more for the similar products.
Human resource is an asset or liability Justify your answer?
Human resources are an asset because the department is in control of the people who work for you. With the right management, human resources can help the organization increase profits.
What is the primary task of business management?
Business management is primarily focused on finding the best ways on how enterprise (use of resources and profit accumulation can achieve the highest possible output (profit) with the least possible input (expenses). In more simple words it is meant to minimize expenses and maximise profits. References: Unisa Introduction to Business Management MNB101D tutorial letter 101.
The owner has unlimited liability but collects all the profits from a business?
When an owner has unlimited liability and collects all of the profits for the business they are considered a sole proprietor. They can make all of the decisions about the business without dealing with a partner.
Calculate company profits?
Simply put, Income less expenses.
What the owner has unlimited liability but collects all the profits from a business?
sole proprietorship
What does Thorin offer Baggins as a reward for his a assistance?
One fourteenth share in the profits, expenses, and funeral expenses (if necessary).nothing
Do owner's withdrawals increase expenses?
Owner's withdrawals do not increase expenses; instead, they represent a distribution of profits to the owner. Withdrawals reduce the owner's equity in the business but are not recorded as expenses on the income statement. Expenses reflect the costs incurred in the operation of the business, while withdrawals are simply the owner's personal take from the business profits.
Management creates capital in what form?
profits
What management creates capital in what form?
Profits
