Rescooperate ice cream shop recently analyzed their books. they found that in the past year, they made $100, 000 selling ice cream and spent $75, 000 on supplies and factory space. the remaining $25, 000 represents profit. loss. revenue. expense.
Question: Rescooperate ice cream shop recently analyzed their books. they found that in the past year, they made $100, 000 selling ice cream and spent $75, 000 on supplies and factory space. the remaining $25, 000 represents profit. loss. revenue. expense.
The remaining $25,000 represents profit. Profit is the amount of money that a business earns after subtracting all expenses, including the cost of goods sold, overhead costs, and taxes, from its revenue. In this case, the revenue is the $100,000 earned from selling ice cream, while the expenses are the $75,000 spent on supplies and factory space. Profit is a key metric for businesses, as it indicates their financial performance and ability to generate income.
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