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To figure out a profit do the following:
MONEY EARNED - EXPENSES = PROFIT
So lets say I had a hotel and earned £50,000 within a year and all my bills came to £20,000. I would do £50,000 - £20,000 = £30,000 which is my profit.
However lets say I only earned £10,000 within a year I would be doing
£10,000 - £20,000 = -£10,000 therefore I am losing money making it a loss.
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Why we study calculus need use?
Companies have profit functions that depend on the quantity of a product they produce. Using calculus, we can figure out how to maximize profit.
Do farmers use math?
Not tough math, but they need to figure out how much profit, revenue, and other things. Additional: Totally agree! Simple stuff and you can use a calculator
What is the formula for converting profit percent to profit?
Profit = (profit percentage / 100) x gross income
Sell price is 2602.58 cost price is 2090.42 what is the profit?
The basic formulas for profit are represented as follows: Profit = Price - Cost % Profit = Profit / Cost So, if an item sold for 2,602.58 and cost 2,090.42, the profit (absolute) is : Profit = 2,602.58 - 2,090.42 = 512.16 The % profit (relative to the cost) is: % Profit = 512.16 / 2,090.42 = 24.5%
How do you get a retail price if you have the gross profit percent and cost?
Add the profit margin (cost*profit%) to the cost. Add the profit margin (cost*profit%) to the cost. Add the profit margin (cost*profit%) to the cost. Add the profit margin (cost*profit%) to the cost.
How do you figure a 5 percent profit?
devide by 20
How do you work out the net profit?
To determine your net profit , add up your annual expenses for the running of your business etc & subtract that figure from your gross profit. Or you get the gross profit by adding your opening stock at the beginning of the year & your annual purchases , deduct your closing stock from this figure & subtract the resulting figure from your annual sales. In simple words, GROSS PROFIT = SALES less COST OF SALES. (Cost of Sales covers all costs related directly to Sales) NET PROFIT = TOTAL EXPENSES less TOTAL REVENUE
How do you work out net profit?
To determine your net profit , add up your annual expenses for the running of your business etc & subtract that figure from your gross profit. we get the gross profit by adding your opening stock at the beginning of the year & your annual purchases , deduct your closing stock from this figure & subtract the resulting figure from your annual sales. In simple words, GROSS PROFIT = SALES less COST OF SALES. (Cost of Sales covers all costs related directly to Sales) NET PROFIT = TOTAL EXPENSES less TOTAL REVENUE
How do you work out the net?
To determine your net profit , add up your annual expenses for the running of your business etc & subtract that figure from your gross profit. Or you get the gross profit by adding your opening stock at the beginning of the year & your annual purchases , deduct your closing stock from this figure & subtract the resulting figure from your annual sales. In simple words, GROSS PROFIT = SALES less COST OF SALES. (Cost of Sales covers all costs related directly to Sales) NET PROFIT = TOTAL EXPENSES less TOTAL REVENUE
How long did it take Google to begin to make a profit?
I don't know, Figure it out yourself
What effect does depreciation have on the cash flow associated with an investment in a fixed asset?
Depreciation is a non cash flow item which reduces the profit figure only so in cash flow statemnet we will add this figure to operating profit then we will get accurate cash flows from operating activities.
Why we study calculus need use?
Companies have profit functions that depend on the quantity of a product they produce. Using calculus, we can figure out how to maximize profit.
If you have profit margin and total sales how do you figure out net income?
If you multiply sales times profit margin, you get Gross Profit. Then you have to subtract Total Expenses to arrive at Net Income Before Taxes, then subtract Taxes to arrive at Net Income.
Recent figures show that most caterers have a profit margin of?
I'm not an expert but I have a cafe and when I started my business advisor told me the average was about 65% - if you can get above that you are doing well. Just to clarify, to get your percentage profit figure, you do the following Gross takings eg £100,000 minus the money spent on Purchases £30,000 gives a gross profit of £70,000 Divide the gross profit by the gross takings and times by 100 to get your percentage profit figure - 70,000 divided by £100,000 = 0.7 times by 100 = 70%
Explain how do you measure the value of the return on Goodwill in terms of income and expenses?
One way I can think of is: Income - Expenses = Profit (These figures can be found in the Profit and Loss statement) Now substitute the profit figure into the following equation: Profit / Goodwill = Return on Goodwill (The goodwill figure can be found in the Balance Sheet) So even though a brand may be perceived as very strong, if the carying value of the goodwill is very high then the return on goodwill will be lower.
How does a company make a profit?
it manufactures or buys in large quantities and a low price and sells at a much larger price. The selling price is governed by the material cost, labour costs, etc these are classed as "on costs". Once this base line figure is ascertained a second figure which is a percentage higher than the first is used to generate the profit the difference between the 2 is called the profit margin.
What is profit maximizatoin?
Profit is the net total amount that comes from all revenue a firm takes in minus all costs it pays out. The goal in any business (other than non-profits) is to maximize this profit. In profit maximization, you want to take all your factors (each cost and each revenue) and figure out a way to make the profit made is greatest.
