Prime Costs, Operating Expenses, and Profit

Prime Costs, Operating Expenses, and Profit are three of the four parts of a Profit and Loss Statement.

In a previous blog, I talked about the Importance of a Profit and Loss Statement (P&L).  In this blog, I’ll walk through a P&L and look at it from a perspective of the prime cost and the operating expenses that you look at to manage your business. The P&L is a critical tool to guide you through your plan to make your business profitable.

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