profitable define
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profitable define

The theory of modern political economy in China holds that the profit under the socialist system is the form of the value of the surplus products created by the workers for the society. The value composition of the product is c+v+m,c+v is converted into production cost, and the m is part of the surplus product created by the laborer for the society, which translates into profit for the enterprise. The specific form of socialist profit is: to realize profit, that is, the balance of the sales revenue of the enterprise minus the expenses of various expenses; To pay the profits in accordance with the provisions to the national financial department; After tax profit, that is, the profit of the enterprise shall be returned to the enterprise in accordance with the state provisions. If W on behalf of commodity value, k represents the cost, with p represents the profit, so, as the money into profit, the capitalist conditions of commodity value, namely, W = c + v + m = k + m, on further into W = k + p, i.e. goods value + profit into the cost price. It is also worth noting that in 1985, the financial accounting standards board released the concept of income from the concept framework (SFAC)NO. 6. In 1989, the international accounting standards board's framework for preparing and providing financial statements made clear that benefits also included unrealized gains. In 1997, FASB's FASB N0.130 required a full return; In 1998, IASC's IAS NO.1 required the preparation of an equity change table, a comprehensive income statement, including the benefit of reflecting corporate assets. Julie Palmer, a retail expert at Begbies Traynor, said retailers faced a particularly disappointing deal in the weeks following the apparent success of "black Friday" at the end of November. ? Social Value: The social net profit of your organisation is understood to be the economical value made for the society. It measures the positive ramifications from the business on its human capital. Healthy labour practices, corporate community development and workplace behaviour are some from the key metrics towards measuring the social value of your organisation. This approach seeks to align the business interests while using labour interests within the organisation.The social sustainability approach seeks to develop and nurture sustainable relationships from the external and internal community. 2. The factory system period