The Filipino people, _______________, and the Philippine economy benefit from entrepreneurship.

Mr. Q is a practicing Doctor of Medicine. During the month of March 2019 he received Professional Fees amounting to P 1,000,000 and total expenses ofP250,000. The net income of Mr. Q is P 750,000.

representing a firm, handling accounts, and visiting clients in the field are some of the tasks for this job.

The gross profit rate provides information on the cost ratio of the business.

In evaluating the profitability of the entrepreneurial venture, the evaluation must focus on the information reflected on the face of the balance sheet.