The Amount Remaining After All Expenses Are Deducted from Total

question 19

Multiple Choice

The amount remaining after all expenses are deducted from total revenues is referred to as:

• A)Remuneration
• B)Profit
• C)Returns
• D)Proceeds

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Definitions:

Compounded Monthly

A method of calculating interest where the accumulated interest is added to the principal sum each month, leading to an increase in the amount of future interest earned.

Perpetuity

An annuity whose payments continue forever.

Compounded Monthly

A method of calculating interest where the interest earned each month is added to the principal, increasing the amount on which future interest is computed.

Purchase Agreement

A legal document outlining the terms and conditions of a purchase between a buyer and a seller.