Why Is Economic Profit a Better Measure of Profit Than Accounting Profit?

Answer Although rarely acknowledged, you can measure profit in more than one way. Sometimes numbers can deceive you, and this is the case when it comes to accounting profit, which merely shows profit on t... Read More »

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How to Calculate Gross Profit for Loss of Profit Insurance?

Many businesses purchase loss-of-profit insurance, also called “business interruption” insurance, to cover a loss of ability to operate due to circumstances outside of the business’s control,... Read More »

What is gross profit and net profit?

Gross profit represents the excess of your sales or revenue over the cost you incurred to make or manufacture products and services. Your net profit represents all income remaining after all expens... Read More »

How to Give a Wet Willie?

A Wet Willie is an unformal way to suprise a friend.

What Is the Difference Between a Profit Theater & a Not for Profit Theater?

The simplest difference between a not-for-profit theater and a for-profit or commercial theater is that the former uses a majority of its margins to further its purposes, while the latter is a busi... Read More »