1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
marusya05 [52]
3 years ago
7

How is profit figured out

Business
1 answer:
Kobotan [32]3 years ago
3 0
1) First step is to figure out how much your business has made in the time period you are searching for (month, Quarter, Annual) 
   Add up your sales. 
   Make sure you subtract any refunds or returns in funds 

2) Calculate your expenses for the business. Depending on the type of business you are running depends on your expenses. This includes Payroll, Utilities and Rent
    

3) Subtract your expenses from your Income
   For example. Your business made $10,000 but your expenses is $5,000 that would leave you with $5,000

4) That is your Profit amount
    *Keep in mind that a negitive value for profit is called a "net loss"
You might be interested in
What are the factors of production required by jewellery shop to operate its business
Blababa [14]

Answer:

See explain

Explanation:

There are 4 factors of production, land labor entreprenuership and capital.

The land of the jewellery shop would be the actual land that the store is on itself. The labor of the shop would be any of the work that any employees are doing. The capital would be any goods or machinery that is used in the store like cash registers, or bulletproof glass to protect their belongings, or any tools that the store uses to help make their jewellery etc. The last and final factor entrepreneurship might be for example the owner of the store, who manages the other 3 factors to bring a profit to the store.

4 0
3 years ago
The major activities of the Planning Section include:
scZoUnD [109]
The answer to the question stated above is letter A.

.The major activities of the Planning Section include: Preparing and documenting Incident Action Plans.
ADDITIONAL INFORMATION ABOUT PLANNING SECTION
>Planning section includes the following major activities:
<span>         -Collect, evaluate, and display incident intelligence and information.
         -Prepare and document Incident Action Plans.
         -Track resources assigned to the incident.
         -Maintain incident documentation.
<span>         -Develop plans for demobilization.</span></span>
4 0
3 years ago
Read 2 more answers
The 2016 balance sheet of Whole Foods Market reports operating assets of $5,489 million, operating liabilities of $2,066 million
frosja888 [35]

Answer:

Correct option is E.

Explanation:

There is not enough information to calculate the amount.

Net operating asset= Operating Assets  - Operating Liabilities

=$5489 Million - $2066 Million

=$3423 Million

Hence Average net operating assets can't be calculated by given information.

8 0
3 years ago
Information and communication technologies are developing at a very fast rate. How have these technologies affected globalizatio
Radda [10]

Answer:

bokunopico yesyedyee

5 0
3 years ago
_____ are a form of compensation in which payment is based on a percentage of sales.
Law Incorporation [45]
Your answer to question 1: is A
Your answer to question 2: is B
5 0
4 years ago
Other questions:
  • Problem 13-22 The injection molding department of a company uses an average of 30 gallons of special lubricant a day. The supply
    8·1 answer
  • ​Most successful small online businesses that sell products have inventories that share one common characteristic: ____.
    5·1 answer
  • Which of the following types of business does not require an attorney to set up?
    11·2 answers
  • The income statement for Stretch-Tape Corporation reports net sales of $540,000 and net income of $65,700. Average total assets
    15·1 answer
  • During the 2001 anthrax scare, the U.S. government threatened to disregard Bayer%u2019s patent of ciprofloxacin, the most effect
    13·1 answer
  • Provide at least 2 suppliers for Nespresso and what materials do they supply?
    13·1 answer
  • In each scenario below, please label which mistake they made in regard to economic decision making. Alexander is heavily investe
    7·1 answer
  • Match each example with the barrier to inclusion that best describes it.
    6·1 answer
  • Craig is considering four loans. Loan L has a nominal rate of 8. 254%, compounded daily. Loan M has a nominal rate of 8. 474%, c
    8·1 answer
  • Classify each job as working more with data, people, or things.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!