Talk About: -Balance of Power

question 68

Essay

Talk about:
-balance of power

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Definitions:

Revenues

The income that a business receives from its normal business activities, typically from the sale of goods and services to customers.

Expenses

The outflows or other using up of assets or incurring of liabilities during a period from delivering or producing goods, rendering services, or carrying out other activities.

Reportable Segments

Segments of a business that must be disclosed separately in the company's financial reports due to their significant revenue, profitability, or other factors according to accounting standards.

Operating Profit

Earnings before interest and taxes (EBIT), calculated by subtracting operating expenses from gross profit.