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.
To calculate capital gains tax on investment profits, subtract the purchase price of the investment from the selling price to determine the capital gain. Then, apply the capital gains tax rate to the gain to determine the tax owed.
The figure I heard stated it could be closer to $40 million.
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Bottom-line profits
greater then economic profits,as accounting profits do not include implicit costs
SmartShop's profits have been growing at 5% per year. This year their profits were approximately $500,000. What were their profits last year?
The company's profits decreased by 12%
The answer depends on the period for which the old profits are required.
Profits = revenues - expenses
They recieved few profits
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