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Understanding Profit

  • D. E. Turner
  • P. H. Turner
Chapter

Abstract

  1. (i)

    If you owned a small business and last year it made a profit of £30000, would you feel it had done well or badly? What would be your reasons?

     
  2. (ii)

    Would you say the same thing if the capital you had invested in the business had been £100000, (b) £600000?

     
  3. (iii)

    In which of the two situations might you have bean better advised to have put your capital into a building society? Why? What ‘non-financial’ factors might you have thought about when making a decision?

     

Keywords

Balance Sheet Trade Creditor Additional Investment Building Society Historical Cost 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© D. E. Turner and P. H. Turner 1991

Authors and Affiliations

  • D. E. Turner
  • P. H. Turner

There are no affiliations available

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