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What s the profit margin of a restaurant?
An industry wide average is around 10 - 15% profit after all expenses.
What is the breakeven price when the quantity or services is 3000 fixed costs 45000 average cost per unit is 150 and required profit is 30000?
You are asking two different questions here. At Breakeven, there is no profit. So the questions are: At what selling price do you breakeven?; and At what selling price do you make a profit of 30,000? The formula is the same for both questions: P = Q(S - C) - F Where P=profit, Q=quantity sold, S=selling price, C=variable cost per unit and F=fixed costs. At breakeven: 0 = 3000(S-150) - 45000 or 3000(S) = 495,000 so S=165 Then, for your given profit: 30,000 = 3000(S-150) - 45000 or 3000(S) = 525,000 so S=175
What is the profit retention for an s corporation?
The profit retention for an s corporation is higher. This is as a result of being exempted from federal taxes and enjoys many tax advantages.
What is journal entry of closing stock?
it s transfer to profit and loss account.
United services and supplies reports net income of 60000 and cost of goods sold of 360000. If US and ampS's gross profit rate was 40 net sales were?
To find the net sales, we can use the gross profit rate formula. The gross profit is calculated as gross profit rate multiplied by net sales. Given the gross profit rate of 40%, we can set up the equation: Gross Profit = Net Sales × Gross Profit Rate Net Income = Gross Profit - Cost of Goods Sold First, we need to determine gross profit, which can be found by adding net income to cost of goods sold: Gross Profit = Net Income + Cost of Goods Sold = 60,000 + 360,000 = 420,000. Now using the gross profit formula: 420,000 = Net Sales × 0.40 Net Sales = 420,000 / 0.40 = 1,050,000. Thus, US and S's net sales were $1,050,000.
What s the profit margin of a restaurant?
An industry wide average is around 10 - 15% profit after all expenses.
Is the maximization of profit margin a valid finincial objective of s firm?
Yes, maximizing profit margin is a valid financial objective for a firm as it directly impacts profitability and overall financial health. A higher profit margin indicates that a company is effectively controlling its costs relative to its revenues, which can enhance competitiveness and shareholder value. However, it is essential to balance profit margin objectives with other factors such as market share, customer satisfaction, and long-term sustainability to ensure holistic business success.
If profit margin is low how a business make high profit?
If the margin is low, then the business needs a large volume of sales. This is a mormal state of affairs for many businesses particularly when there is competition from other businesses. A petrol station may have a margin of only a few cents per litre but it sells 1000's of litres every hour.
How can a business make high profit if profit margin is low?
If the margin is low, then the business needs a large volume of sales. This is a mormal state of affairs for many businesses particularly when there is competition from other businesses. A petrol station may have a margin of only a few cents per litre but it sells 1000's of litres every hour.
What s the homophone of profit?
The homophone of "profit" is "prophet."
What is the breakeven price when the quantity or services is 3000 fixed costs 45000 average cost per unit is 150 and required profit is 30000?
You are asking two different questions here. At Breakeven, there is no profit. So the questions are: At what selling price do you breakeven?; and At what selling price do you make a profit of 30,000? The formula is the same for both questions: P = Q(S - C) - F Where P=profit, Q=quantity sold, S=selling price, C=variable cost per unit and F=fixed costs. At breakeven: 0 = 3000(S-150) - 45000 or 3000(S) = 495,000 so S=165 Then, for your given profit: 30,000 = 3000(S-150) - 45000 or 3000(S) = 525,000 so S=175
What s a margin?
It depends on the context. in writing, a margin is a space around the main body of text, which is usually blank. A margin in business is the difference between the cost of producing an item and the amount it's sold for.
What is Back on My Feet non profit organization 's population?
Back on My Feet - non-profit organization -'s population is 2,010.
What is the difference between margin and margin?
The difference between Gross Profit Margin and Operating Profit Margin is that the gross profit margin accounts for only Cost of Goods sold, but the Operating Profit Margin accounts for both Cost of Goods sold and Administration/Selling expenses.
What is profit without cash in accounts?
Asset acquisition, debt reduction, distribtuions to the owner / partner(s) / sharholder(s) all represent profit. Asset acquisition, debt reduction, distribtuions to the owner / partner(s) / sharholder(s) all represent profit.
What has the author J J Jehring written?
J. J. Jehring has written: 'Profit sharing' -- subject(s): Bibliography, Profit-sharing 'Succeeding with profit sharing' -- subject(s): Profit-sharing 'Pre-severance benefits in deferred profit sharing' -- subject(s): Profit-sharing 'A comprehensive bibliography on total group productivity motivation in business covering such subjects as profit sharing, productivity sharing, employee stock ownership and employer-employee cooperation' -- subject(s): Bibliography, Incentives in industry
What is the equation for calculating markup?
(S-C)/C Where S is Selling Price and C is Cost. Not to be confused with Gross Profit which is (S-C)/S 100% Markup = 50% Gross Profit
