Psychology is both an academic and applied discipline involving the scientific study of mental processes and behavior. Psychologists study such phenomena as perception, cognition, emotion, personality, behavior, and interpersonal relationships. Psychology also refers to the application of such knowledge to various spheres of human activity, including issues related to daily lifeâe.g.
What is the amount a business earns over and above what it spends for salaries and other expenses. Answer. Profit is the term used to describe the amount a business is left after expenses such as wages, rent, materials, etc.
The total expenses must include all money that was taken from the company. Subtract the Total Expenses from the Total Revenue figure. The result is the Retained Earnings. This is the amount of money the company is either holding over to the next year or has lost throughout the year.