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Revenue or Sales Cost of Goods Sold or Cost of Sales Selling General.
Types of profit. The main categories that can be found on the PL include. Accounting profits equal zero. There are three other types of profit margins that are helpful when evaluating a business.
About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy Safety How YouTube works Test new features Press Copyright Contact us Creators. Three forms of profit are gross profit operating profit and net profit. Gross profit margin minus indirect variable costs facilities advertising RD etc equals the operating profit margin.
The gross profit margin net profit margin and operating profit margin. The other types are gross profit margin operating profit margin and pre-tax profit margin. The profit margin shows how well a company uses revenue.
Economic profits are negative. Economic profits are positive. Types of Profit- Micro Topic 34 - YouTube.
If playback doesnt begin shortly try restarting your. Profit drives capitalism and free market economies. Accounting Profit and Economic Profit.
Types of Profit- Micro Topic 34. Need quotation to verify Unlike an accounting profit an economic profit takes into account both a firms implicit and explicit costs whereas an accounting profit only relates to the explicit costs which appear on a firms financial statements. Profit refers to the financial gain obtained when the revenue generated from the business operations exceed the expenses and costs incurred in carrying out the business activity.
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