Question

Why does the owner of a business need to know how much profit he has made?

A) to calculate interest payable on a bank loan
B) to calculate cost of sales
C) to calculate the return on canal
D) to calculate total expenses​

Answer 1

Answer:

As a business owner, it's important to know what your profit margins are and track them at all times. Businesses need to make money to keep afloat, and monitoring your profit margins helps you know the health of your business and tells you if your company can grow.