tabiasthompson14 tabiasthompson14
  • 14-01-2020
  • Social Studies
contestada

Which of the following accurately explains how profit is calculated?

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thedeadlyreaper3
thedeadlyreaper3 thedeadlyreaper3
  • 14-01-2020

Answer:

Explanation:

Profit can be calculated in many ways. But to find profit, you must take your total earnings and subtract it by your expenses. Showing your profit.

Example equation:

T-E=P

(P: Profit.)

(E: Expenses)

(T: Total Earnings)

Remember, expense includes tax too. Before you can cash out a check, it goes through your taxes and removes the amount for the pay of the tax(es).

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rhodesmj22 rhodesmj22
  • 12-07-2020

Answer:

Costs are subtracted from revenues.

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