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Formula for calculating Gross operating expenses and net expenses in Corporations?
Sales Less: Cost of sales Gross Profit Less: Admin Expenses Selling Expenses Other Expenses Net Profit
It's a real account. Easy way to remember it is by remembering the accounting formula. Assets= Liabilities+ Capital- Withdrawals+ Revenue- Expenses Withdrawals, Revenue and Expenses are temporary and get closed at the end of the accounting cycle. Since Accumulated Depreciation falls under the Assets account and is a contra asset
ASSETS (DR BALANCE) = LIABILITIES + EQUITY + INCOME (ALL CR) - EXPENSES (DR BALANCE)
Operating income is equal to total revenues minus cost of goods sold, labor, and general expenses. Operating income is called Earnings Before Interest and Taxes. What is not included in expenses to be calculated in operating income is one time expenses, legal settlements, or adjustments.
Formula for calculating Gross operating expenses and net expenses in Corporations?
Drawing power
expenses/gross Just divide expenses into gross.
Gross profit - adminstrative expenses - markiting and selling expenses
A simple profit formula reconciles revenue to losses and expenses. Profit equals the total revenue subtracted by losses and expenses.
C8h18
Capital turnover = Sales/ Invested capital
Sales Less: Cost of sales Gross Profit Less: Admin Expenses Selling Expenses Other Expenses Net Profit
strip footing drawing and plan
called-up capital
When drawing a structural formula, the first step is to draw the carbon chain. Carbon chains are the building blocks that will allow you to come up with the structure and compound.
Total general and management expenses General and management/Expense ratio = Total expenses