To make the most money, Cathy needs grow 70 corn cobs per day.
Explain about the profit?
Revenues less expenses are the company's profits. For a small business, making a profit is crucial since it determines whether it can obtain bank funding, draw in investors to fund its operations, and expand. Without making a profit, businesses cannot stay in operation.
Profit is the amount of money left over after all costs have been paid. Gross profit, operating profit, and net profit are the three types of profit. Profit margin demonstrates how effectively a business uses revenue. Capitalism and free-market economies are driven by profit. Profits are increased by raising sales and reducing expenses.
Total Revenue - Total Expenses = Profit is the formula used to determine profit. Direct and indirect costs are subtracted from all realized sales to arrive at the profit.
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