Question

Profit refers to Multiple Choice

1. the point at which a company's assets equal its liabilities plus shareholder equity.
2. the difference between the list and final price of a product or service.
3. the money earned when the economic order quantity is minimized.
4. the money left over after a business firm's total expenses are subtracted from its total revenues.
4. the total amount of revenue accrued through product sales or service distribution

Answer 1

4. the money left over after a business firm's total expenses are subtracted from its total revenues.

Step-by-step explanation:

The profit could be in various ways

Like

Profit = Selling price - cost price

When the total revenues are deducted from the total expenses it is a profit or net income

In mathematically,

Net profit = Total revenues - total expenses

The profit is the amount which is come after deducting all the expenses and then subtracted from the total revenues