How can we say if a business is profitable? Enumerate them.
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How can we say if a business is profitable? Enumerate them.
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Answer:
Revenue - Expenses = Profit
A positive number means you're turning a profit. If it's a negative number, your business is losing money. Zero means you're breaking even. For example, a business with revenue of $75,000 per year and $15,000 in expenses has a net annual profit of $60,000