Dont sell anything, yet. I’m sure they will a start selling things sooner or later, seeing as it’s not a charity, and its platform is expensive to run.
That 6% is the gross of sales, not revenues profit as well. It can work out to a company’s entire profit margin. Its an incredibly serious fine you dont want trained on you at any point.
That 6% is the gross of sales, not revenues as well.
I think you mean “that’s 6% of revenue, not profit”. Revenue is gross income before expenses and other tax deductions. Sales is revenue generated by selling products and services, as opposed to interest and investment proceeds. Profit is revenue minus expenses and tax deductions and is where corporations often cheat.
Dont sell anything, yet. I’m sure they will a start selling things sooner or later, seeing as it’s not a charity, and its platform is expensive to run.
That 6% is the gross of sales, not
revenuesprofit as well. It can work out to a company’s entire profit margin. Its an incredibly serious fine you dont want trained on you at any point.I think you mean “that’s 6% of revenue, not profit”. Revenue is gross income before expenses and other tax deductions. Sales is revenue generated by selling products and services, as opposed to interest and investment proceeds. Profit is revenue minus expenses and tax deductions and is where corporations often cheat.
They have already stated they’ll do a premium subscription