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World's richest five men double wealth since 2020
(www.dw.com)
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this post was submitted on 15 Jan 2024
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Yeah, I guess that's how modern corporations are using profits.
I come from a small business and charity background, so salaries/wages/employee benefits would be considered a business expense. Profits would be banked and used to cover expenses in the future.
It's different on a small scale because the line between "business expenses" and "personal expenses" can sometimes get blurred. Though technically, if the money is earmarked for future use then it is definitely not profit. That's a business expense.
Profits can become expenses when it is spent, for sure.