profit

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Profit

Revenue minus cost. The amount one makes on a transaction.

Profit

A company's total revenue less its operating expenses, interest paid, depreciation, and taxes. For example, suppose a widget manufacturer earns $1,000,000 in total revenue. The widgets cost $200,000 to make and his administrative and payroll expenses total $250,000. He also must subtract $50,000 in depreciation on his widget manufacturing equipment and pay $200,000 in taxes. His net income is stated as: $1,000,000 - $200,000 - $250,000 - $50,000 - $200,000 = $300,000.

profit

Profit.

Profit, which is also called net income or earnings, is the money a business has left after it pays its operating expenses, taxes, and other current bills.

When you invest, profit is the amount you make when you sell an asset for a higher price than you paid for it. For example, if you buy a stock at $20 a share and sell it at $30 a share, your profit is $10 a share minus sales commission and capital gains tax if any.

profit

the difference that arises when a firm's SALES REVENUE is greater than its total COSTS. GROSS PROFIT is the difference between SALES REVENUE and the COST OF SALES, while NET PROFIT is equal to gross profit less selling distribution, administration and financing costs. PROFIT AFTER TAX is the net profit attributable to shareholders after taxes have been paid.

Profit depends on two main factors:

  1. average profit margins or profit per £1 of sales. If costs increase the profit margins will be squeezed; if competition forces selling prices downward margins will be similarly squeezed, and vice versa;
  2. sales turnover. Any increase in sales value will tend to increase profits. See PROFIT AND LOSS ACCOUNT.

profit

the difference that arises when a firm's TOTAL REVENUE is greater than its TOTAL COSTS. This definition of‘economic profit’ differs from that used conventionally by businessmen (accountingprofit) in that accounting profit takes into account only explicit costs. Economic profit can be viewed in terms of:
  1. the return accruing to enterprise owners (entrepreneurs) after the payment of all EXPLICIT COSTS (payments such as wages to outside factor-input suppliers) and all IMPLICIT COSTS (payments for the use of factor inputs - capital, labour - supplied by the owners themselves);
  2. a residual return to the owner(s) of a firm (an individual ENTREPRENEUR or group of SHAREHOLDERS) for providing capital and for risk-bearing;
  3. the ‘reward’ to entrepreneurs for organizing productive activity, for innovating new products, etc., and for risk taking;
  4. the prime mover of a PRIVATE ENTERPRISE ECONOMY serving to allocate resources between competing end uses in line with consumer demands;
  5. in aggregate terms, a source of income and thus included as part of NATIONAL INCOME. See also PROFIT MAXIMIZATION, NORMAL PROFIT, ABOVE-NORMAL PROFIT, RISK AND UNCERTAINTY, NATIONAL INCOME ACCOUNTS.
References in periodicals archive ?
In sum, the retailer that can make the theoretical light bulb go off for consumers will begin to see the light at the end of the profitless tunnel.
They are selling these profitless machines to companies like Link, which do nothing else - and charge for their services.
These European giants are suffering from a combination of weak demand at home coupled with profitless exports because of the high exchange value of the euro.
IS THE CE INDUSTRY HEADED FOR PROFITLESS PROSPERITY?
Wasted, devastated, barren, refuse, profitless, superfluous, Christmas's time, which cannot uncoil, coincides, if we use Lacanian theory, with the oceanic time that cannot cross the specular phase.
This," he says, "has resulted in a global buying spree that has left 40% of the supply base either for sale or on the edge of bankruptcy, and is the reason for today's profitless prosperity.
Meanwhile, with a righteousness that it has done little to earn, the United States insists on ritual denunciations of terror from Arafat before even a routine and profitless meeting with Colin Powell can take place.
Old distinctions between useful and lawful sports like wrestling and hunting and idle, profitless sports like dicing and bowls broke down by the turn of the century.
After all, how was it possible that profitless and assetless companies had more market capitalization than General Motors?
Yet it was a profitless argument, which Hitchens quickly dragged down into personal assessments and attacks, and one marked by a curious inability on his part to think with any lucidity about the relationship between malign individuals and the causes they might attach themselves to.
This generalization does not always apply to scalar variants of privative adjectives, since they may be used to characterize a given entity not only as being without the thing designated by the nominal stem (as in: completely sugarless tea, rainless season, profitless business), but also as not having it to some specified degree (as in: almost/nearly sugarless tea, rainless season, profitless business).
The alchemist's previous apprentice, Peter, who had purposefully exaggerated the rewards service with the alchemist would provide for Rafe, sees this as an opportunity to escape his own profitless drudgery: "I am glad of this, for now I shall have leysure to runne away: such a bald Arte as never was