Marco realizes that if he moves his food truck to a different neighborhood, he'll make twice the profit. when Marco makes the move, he is achieving a(n): optimizing goal.
Profit is a term that describes the economic profit that a company obtains when its revenues exceed its costs and expenses. For example, a kid at a lemonade stand, spends 1/4 of her time making a cup of lemonade. She then sells that drink for $2. $1.75 profit per lemonade.
There are four levels of profit or profit margin: Gross Profit, Operating Profit, Pre-Tax Profit, and Net Profit. These are reflected in the company's income statement in the following order: The company collects the proceeds and pays the direct cost of the service product.
Profit is income minus costs. For gross margin, we deduct some expenses. For net profit, subtract all expenses. Gross profit and operating profit are the road to net profit.
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