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There has been a great deal of interest in hospice and home care for the terminally ill.What are the advantages of each for patients and care providers (both family and medical staff)? What are the disadvantages?
Profit Earned
The financial gain obtained after subtracting all expenses, taxes, and costs from the revenue generated from business operations.
Profit Center
A separate business unit or department within an organization that is responsible for generating its own revenue and profits.
Income Statement
A financial statement that shows a company's revenues and expenses over a specific period, culminating in a net income or loss.
Controllable Expenses
Costs that can be influenced by the decisions of a manager.
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