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.
Mon Oct 28, 2013 8:58 am
Ryaan Contributing Member
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(If, during a stated interval, a business adds nothing to its owners’ wealth, but the accounting rules state that it has earned a profit, that is good enough. An accounting profit that reflects no genuine increase in wealth is certainly sufficient for many investors. They cheerfully assign a price-earnings multiple to any number that a reputable accounting firm waves its magic wand over and declares to be a profit)
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Wed Nov 06, 2013 2:00 pm
Fredian New Member
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the formula is very simple: Profit = Revenue − Costs.
Fri Jun 27, 2014 8:54 am
pensionplan New Poster
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