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Topic: Business
Number of pages / Number of words: 4 / 1005
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Profit is the total income that you receive after paying all of your debts. All debts include for example rent, wages, and interest. A general formula to calculate profit is P = R - C. This says when total revenue is subtracted from costs or debts you will get you profit earnings. Management is needed to make sure that allocating the necessary resources to in the end cover all of the debts and return a profit makes enough revenue...


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This says when total revenue is subtracted from costs or debts you will get you profit earnings. Management is needed to make sure that allocating the necessary resources to in the end cover all of the debts and return a profit makes enough revenue.

Salaries are based upon an employee's age, skill, knowledge of the business and experience in the profession...


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