Rescooperate Ice Cream Shop recently analyzed their books. They found that in the past year, they made $100,000 selling ice cream and spent $75,000 on supplies and factory space. The remaining $25,000 represents
Answers
Answered by
0
it represents the profit for the year
Answered by
0
Profit
Profit refers to the amount of money left over in a business entity after the sales from the main business activity are accounted for and the expenses that the business needs to run and stay afloat are paid out.
The $100,000 represents revenue which is the money earned from sale of the products while $75,000 represents business expenses which refers to amounts paid out to business suppliers and for other operations of the business.
Similar questions