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What is the amount a business earns after deducting what it spends for salaries and other expenses.?
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Is gross profit is the amount that the owners of a business get to keep as profit?
Gross profit is the amount left over after all expenses have been paid. The owner or owners or share holders do get to keep that money but, part of it and probably most of it will be put back into the business to help the business grow.
What are six items an effective financial plan identifies describes or explains?
Identifies the assets that need to be purchased Describes the amount of money a business needs to start and operate Describes the expenses the business will incur and explains how a business will cover its expenses Describes how the business will document and report financial records Forecasts finances to project future profitability Explains how the business will acquire money to grow or expand
What is the amount of money you actually spend on an item?
expenses
What is government capital budgeting?
Budgets have two types of items, current expenses and capital expenses. Current expenses are day to day expenses to keep your operations going. Your current expenses are your food, clothing, rent, taxes, etc. Your capital expenses are your car payments and house payments. The government's capital expenses are roads, buildings, machinery, and anything else that will last for a number of years. The government can budget a certain amount of money for capital expenses. The amount of money a government spends for a highway will be paid back over a number of years in gasoline taxes or tolls. A school building will last a number of years. On the other hand, salaries, office supplies, grants, rents, electricity, wars, etc., are current expenses. A truck driver will use a road built this year to bring in tax money next year. Current expenses spent this year will not bring in taxes next year except indirectly. (A cop arresting a crook will keep him off the streets, etc.)
Did you find it easy or difficult to keep all of your expenses and savings within the specified amount?
Did you find it easy or difficult to keep all of your expenses and savings within the specified amount? Why?
The amount a business earns over and above what it spends for salaries and other expenses is called?
profit
What is the amount available to be contributed to fixed costs after deducting variable expenses from sales called?
contribution
What is the amount a business earns over and above what it spends for salaries and other?
What is the amount a business earns over and above what it spends for salaries and other?
How to figure your net income on income tax form?
You net income is the amount listed in Box 1 of your W-2 form. If you are self-employed you compute your net income by listing your gross income and deductible expenses on your Schedule C of your business is a Sole Proprietorship and after deducting the expenses you will have your net income.
What does the accounting term EBITDA mean?
Earnings before interest, tax, depreciation and amortization. It means that accounting profit amount shown is after deducting all these expenses.
What is the term used to describe the difference between revenue and expenses?
Revenue is the amount of money a business/person makes as a whole. Expenses are things that a business/person has to pay for with their revenue such as utilities that a business uses. What's left over from the revenue after the expenses are paid for is profit.
What does profit?
Profit means the difference between revenues and expenses. This left over amount is the business owner's reward for the risk they took in undertaking the business.
Annual base salary?
Annual base salaries in general refer to the amount of money someone is given for a year of work. This does not include bonuses and other claimable expenses.
What is gross operating expense?
Gross operating expense is the total amount of money spent by a company to operate its business, including costs such as salaries, rent, utilities, supplies, and other day-to-day expenses. It does not include taxes or interest expenses.
What is 20 percent off of 10?
The amount after deducting the percentage is 8.
What is 25.00 off of 30 percent?
The amount after deducting the percentage is $17.50
What 30 percent off 4.30?
The amount after deducting the percentage is 3.01
