Answer :
The profit that is earned by Janelle is equal to $39,000, considering all the payment and total revenue.
Calculation:
insurance payment = $30,000
Wages = $418,000
Supplies = $43,000
Amount forgone = $30,000
Total revenue = $560,000
Profit = $560,000-$30,000 -$418,000 - $43,000-$30,000 = $39,000
Profit is the term used to describe the financial gain experienced when the revenue from an economic business surpasses the expenses, ends up costing, and taxes associated with maintaining that activity.
Any profits generated are returned to the company's owners, who can decide whether to keep all the money for themselves, pay dividends to shareholders, or reinvest it in the company. The cash a company retains after deducting all costs is known as profit. The main objective of every company, whether it be a little fruit stand or a publicly traded multinational corporation, is to make money. As a result, a business's success is measured by its profitability in all of its forms.
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