Question

Profit is earned by company when ------------------------ exceeds ----------

Answer 1

Answer:

Profit is earned by company when Income exceeds Expenditure.

Explanation:

Profit is a financial gain when the amount earned is more than the amount spent. Income is the amount of money gained whereas Expenditure is the amount of money lost.

So, Profit is earned by company when Income exceeds Expenditure.

Thank you

Answer 2

Answer:

The correct answer to fillup -"Profit is earned by company when ------------------------ exceeds ----------" is-

total revenue , total expenses.

Explanation:

Profit is the money earned by a company when  total revenue exceeds total expenses.

Profit earned by the company can be determined

The profit which is earned by the company can be determined by the formula-

Profit =  Total Revenue - Total Expenses

Profit can be calculated by subtracting ,total expenses from total revenue. Inorder to calculate profit ,we need to substract direct and indirect costs from all sales earned.

This direct costs can include purchases, which are like materials and staff wages. And the Indirect costs are also known as the overhead costs which are like utilities and rent .

Profit in business

The money which remains after our profits, is saved or kept in the business and then re-invested for finance for future growth, or it is distributed as a dividends for the stakeholders.

Therefore,

Profit  is only earned by company when -total revenue exceeds total expenses.

To know more about  profit % click on the link below-

https://brainly.in/question/11761153

To know more about  marginal revenue click on the link below-

https://brainly.in/question/37414704