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Operating Expenses are expenses that are incurred while running a business. Maintenance Expense could be considered anything from the cost of maintaining a company vehicle to repairs made on a building or some other type of "maintenance" that is require by the business in order to function at 100%.
Many expenses have their own account such as, Utilities Expense, Rent Expense, Insurance Expense, Interest Expense, Supply Expense, just to name a few. Other expense may not have a specific account in which to be recorded, such as Travel Expense, Food Expense (perhaps to entertain a possible client), these expense are often listed under "Other Expenses".
What else can I help you with?
Which item below is not added to the original basis to arrive at the adjusted basis of a home?
To determine the adjusted basis of a home, certain costs and improvements are added to the original basis, while other expenses are not. Typically, items such as routine maintenance and repair costs are not added to the original basis. Instead, they are considered current expenses and do not enhance the value of the home or prolong its life. Thus, these costs would not contribute to the adjusted basis.
The amount a business earns over and above what it spends for salaries and other expenses is called?
profit
What is non operating holding company?
A non Operative Finantial holding company only invest money in other companies .They do not take part in day to day operation .Holding CompaniesThe primary function of a holding company is to invest in other companies, commonly known as subsidiaries. Holding companies are usually not involved in day-to-day operations of the operating company, but lend initial or ongoing financial support via cash reserves or stock sales, and may assist in restructuring the operational model to ensure profits. Holding companies are normally structured as corporations to protect assets, absorb financial losses and limit liability. Operating CompaniesOperating companies are owned by the holding company, but are responsible for all day-to-day operations of the company. When a holding company creates or purchases an operating company, they are sometimes allowed to conduct business as usual -- especially if they are profitable. Net profits after expenses are then handed over to the holding company.
What is Gross income of hookah bars?
Gross income for hookah bars refers to the total revenue generated from all sources before any expenses are deducted. This includes income from hookah sales, food and beverages, cover charges, and any other services offered. The gross income can vary significantly based on location, clientele, operating hours, and overall popularity. It's an important metric for evaluating the financial performance of the business but doesn't account for operational costs.
How much to rent at the mall?
The cost to rent space at a mall can vary widely based on factors like location, size, and the mall's foot traffic. On average, rental rates can range from $20 to $100 per square foot annually, but prime locations may exceed this range. Additionally, landlords may charge common area maintenance fees and other expenses, which can affect the total cost. It's best to contact specific malls for precise pricing and terms.
How do you calculate NOI for a hotels?
Net Operating Income (NOI) for a hotel is calculated by subtracting total operating expenses from total revenue generated by the hotel. Total revenue includes income from room sales, food and beverage, and other services. Operating expenses encompass costs such as salaries, maintenance, utilities, and marketing, but exclude debt service and taxes. The formula can be summarized as: NOI = Total Revenue - Total Operating Expenses.
How to prepare a income statement?
Sales - cost of goods sold = gross profit. - operating expenses(i.e marketing expenses and administrative expenses) = operating income. + other income - other expenses = income before tax - tax = net income/profit.
What kind of asset preliminary expenses?
Preliminary expenses are expenses prior to start of operating activity and shown in assets side as an other assets.
Is gross profit same as operating profit?
Gross profit and operating profits are two different values as gross profit only cater direct expenses to produce goods while operating profit is calculated after deducting indirect expenses and selling and administration overall called operational expenses to arrive at operating profitExample:Sales xxxxLess:Purchases xxxxGross Profit xxxxLess:Selling Expenses xxxxAdmin Expenses xxxxother expenses xxxxOperating Profit xxxxxIf there is no selling, admin or other expenses then gross profit and operating profit will be same.
What are the examples of maintenance and other expenses?
Examples of maintenance expenses include routine repairs, landscaping, cleaning services, and equipment upkeep. Other expenses can encompass utilities, property taxes, insurance, and administrative costs. Together, these expenditures ensure the smooth operation and upkeep of properties or facilities.
Formula for net operating expenses?
operating exepnces = (total admn expences+depreciation(+/- interest and other bank charges)(+/-gross profit))
What is per hour cost to operate a Boeing 757?
2680 dollar(Fuel+other expenses such as maintenance)
Define cash break?
Cash break simply defines where a business stands when comparing sales to expenses. You subtract costs and other expenses from the total sales to show the cash break.
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 operating gain and operating revenue?
Operating gain refers to the profit a company generates from its core business operations, excluding expenses and income from non-operating activities. It reflects the effectiveness of a company's operational efficiency. On the other hand, operating revenue is the total income earned from the primary business activities, such as sales of goods or services, before deducting any operating expenses. Together, these metrics help assess a company's operational performance.
What are the daily expenses of operating a thrift shop?
The daily expenses of operating a thrift store tend to be the same as other stores, with the exception of inventory. Such expenses include staff, rent, utilities. The difference between a thrift store and other stores is that inventory is usually donated. Also, some thrift stores primarily use volunteers instead of staff but even in that case the manager is usually paid.
What is gross expenses?
Gross operating expense is the cost something needs to be operated without tax or other contributions being deducted.
