man steals a $100 bill from a stores register. Then he buys $70 worth of goods @ that store using the $100 bill, and gets $30 change. How much….

REDLINE

Rising Star
BGOL Investor
$30 because at the end of the day the register will be short $30.

But if we account for the goods lost it’s a $100 total loss.
 

donwuan

The Legend
BGOL Investor
Potential profit. You can't lose what you didn't have.

Revenue is the money a business earns by selling a product or service, and profit is the money a business keeps after accounting for all the expenses involved in generating that revenue. Potential revenue is the projected income/revenue expected from the sale of all items in an inventory given a set sales price per-item. Profit is the amount of income (revenue) left over after all expenses are paid. Potential profit is not a guarentee of net profit; it is only the potential profit based on the inventory amounts.
 

Walter Panov

Rising Star
Registered
Revenue is the money a business earns by selling a product or service, and profit is the money a business keeps after accounting for all the expenses involved in generating that revenue. Potential revenue is the projected income/revenue expected from the sale of all items in an inventory given a set sales price per-item. Profit is the amount of income (revenue) left over after all expenses are paid. Potential profit is not a guarentee of net profit; it is only the potential profit based on the inventory amounts.
Yes, which is why you can't lose profit if you never had it. They didn't lose profit as you originally claimed. They only lost what they paid for the items plus $30.
 
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