Assuming you already know revenue, which additional element is needed to calculate profit?
A) taxes
B) donations
C) expenses
D) capital gains
E) depreciation

Name: Assuming you already know revenue, which additional element is needed to calculate profit? A) taxes B) donations C) expenses D) capital gains E) depreciation
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Question

Quizplus · Accepted Answer

To calculate profit, you subtract expenses from revenue. Expenses are the costs incurred in the process of generating revenue, making them essential for determining profit.

Assuming You Already Know Revenue, Which Additional Element Is Needed