Home     Forum     401k     401k Rollovers     Crypto Forum
    Register   Login   Members   Search   FAQs     Recent Posts    



What Is Profit ?!

Reply to topic
Money Talk > Investing, Stocks and Bonds

Author Thread
rockymountain
Contributing Member


Cash: $ 6.40

Posts: 25
Joined: 11 Sep 2012
Location: USA
Re: What Is Profit ?!  Reply with quote  

Profit means A financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs and taxes needed to sustain the activity. Any profit that is gained goes to the business's owners, who may or may not decide to spend it on the business.
Post Mon Nov 12, 2012 7:35 am
 View user's profile Send private message
AndyDucat
New Poster


Cash: $ 0.40

Posts: 2
Joined: 07 Dec 2012

 Reply with quote  

You're right.

I've seen many people getting confused about the term "profit". They take revenue/sales as profit. Though profit is revenue minus expenses.
Post Fri Dec 07, 2012 3:33 pm
 View user's profile Send private message
Acidify
New Member


Cash: $ 2.00

Posts: 7
Joined: 05 Feb 2013

 Reply with quote  

Profit is the word which is really good in hearing but if you know that how much efforts needed to listen that word legit then you never try to become a business man. Let see -> Unemployment -> Idea -> Market Research->Strategy -> Investor -> Day and Night Effort -> Lose -> Again new Start -> then you see a proper profit ratio
Post Tue Feb 05, 2013 6:44 am
 View user's profile Send private message
changealex
First Time Poster


Cash: $ 0.60

Posts: 1
Joined: 26 Feb 2013

 Reply with quote  

The surplus remaining after total costs are deducted from total revenue, and the basis on which tax is computed and dividend is paid. It is the best known measure of success in an enterprise. Profit is reflected in reduction in liabilities, increase in assets, and/or increase in owners' equity. It furnishes resources for investing in future operations, and its absence may result in the extinction of a company. As an indicator of comparative performance, however, it is less valuable than return on investment (ROI). Also called earnings, gain, or income.


your links belong in your profile signature, not in the post body. your other posts in violation have been removed
Post Tue Feb 26, 2013 9:26 am
 View user's profile Send private message
Swapnil
Full Member


Cash: $ 15.40

Posts: 71
Joined: 02 Feb 2013
Location: India
Profit  Reply with quote  

In normal terms profit means excess of income over expeenditure, but in accounting terms profit is measured in terms of Gross Profit and Net Profit, the Gross Profit is calculated with the following
Gross Profit = Excess of manufacturing Income to manufacturing expenses, it is the profit earned after calculating all the expenses and the sales of product and going out of stocks due to abnormal losses like loss by theft, loss by fire or goods distributed as free samples the excess which remains after deducting all the purchases and direct expenses from sales and closing stock and all abnormal losses is gross profit.
The net profit is the actual profit earned after deducting all the operating, administrative and selling and distribution expenses from the Gross Profit plus all the indirect incomes or financial income like rent received, Interest on Investments etc. and after dedcuting all the expenses from the above further the taxes and the Interest to be paid to the loan creditors is deducted to find the actual net profit after deducting Interest and Taxes and appropriations for the distribution to the owners is called as the net profit.
Post Fri Mar 01, 2013 4:51 am
 View user's profile Send private message
millert25
Member


Cash: $ 0.25

Posts: 14
Joined: 08 Mar 2013

Nice!  Reply with quote  

That is the perfect definition of profit, couldn't have said it better!
Post Fri Mar 08, 2013 2:33 am
 View user's profile Send private message
HumptyDumpy
New Poster


Cash: $ 0.40

Posts: 2
Joined: 03 Sep 2013

 Reply with quote  

It is really nice post. It's regarding for assets.
Post Tue Sep 03, 2013 9:25 am
 View user's profile Send private message
sandythomas
New Member


Cash: $ 1.00

Posts: 4
Joined: 20 Jun 2013

My opnion  Reply with quote  

Profit is also a vital source of finance for a business. Profits earned which are kept in the business are known as retained profits.
Post Mon Sep 09, 2013 11:24 am
 View user's profile Send private message
sandythomas
New Member


Cash: $ 1.00

Posts: 4
Joined: 20 Jun 2013

 Reply with quote  

Basically, profit is revenue minus costs. It sounds simple, but the concepts of revenue as well as cost are complex when we examine them closely.
Post Fri Oct 04, 2013 12:51 pm
 View user's profile Send private message
SmartSpender
New Member


Cash: $ 1.25

Posts: 6
Joined: 26 Sep 2013
Location: Chicago
 Reply with quote  

Good article,
Assets minus liabilities = worth; as is revenue minus costs = profit. Same general principle. Cut costs (liabilities) and you're revenue works better for you, increase revenue (assets) and your margin of costs for all intensive purposes should be regarded as lower.
Post Fri Oct 04, 2013 3:53 pm
 View user's profile Send private message
Jackssmith
Member


Cash: $ 2.90

Posts: 10
Joined: 18 Jun 2013
Location: Houston
What is a Profit.  Reply with quote  

Profit is an important concept in any business. Profit is the financial return or reward that business persons aim to achieve to reflect the risk that they take.
Post Mon Oct 28, 2013 8:58 am
 View user's profile Send private message Visit poster's website

Goto page Previous  1, 2, 3, 4  Next
Reply to topic
Forum Jump:
Jump to:  
  Display posts from previous:      


Money Talk © 2003-2022

Crypto Prices