Profits may be defined as:
A)expenses plus net income.
B)costs plus revenues.
C)revenues plus expenses.
D)revenues minus expenditures.

Name: Profits may be defined as: A)expenses plus net income. B)costs plus revenues. C)revenues plus expenses. D)revenues minus expenditures.
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Question

Profits may be defined as:
A)expenses plus net income.
B)costs plus revenues. 
C)revenues plus expenses.
D)revenues minus expenditures.

Quizplus · Accepted Answer

Profits are revenues minus expenditures. To increase profits, a company can increase revenues, decrease expenses, or try to do both.

Profits May Be Defined As