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3 years ago

How is profit figured out

1 answer:

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"

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The manager at Seasons Hotel wanted to change the incentive system to offer bonuses tied to the hotel's financial performance, b

Vlad1618 [11]

Answer:

Violated employees personal compact.

Explanation:

The manager at Seasons Hotel wanted to change the incentive system to offer bonuses tied to the hotel's financial performance, but the employees refused to comply. This example shows that the manager has violated employees personal compact which is defined as the formal, social and psychological aspects of the relationships between the workers and the organization. It is termed as the mutual commitments and obligations which are stated and implied between the employer and the employee. Here, the manager has broken and violated that implicitly set rules when he has tried to tie the incentive system with the financial performance of the Hotel which workers can think that will be difficult to get if the Hotel doesn't not perform well.

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4 years ago

Onslow Co. purchased a used machine for $178,000 cash on January 2. On January 3, Onslow paid $2,840 to wire electricity to the

Aleksandr-060686 [28]

Answer:

First we must determine the total cost of the machine:

total cost = $178,000 + $2,480 + $1,160 = $181,640

Now we must find the depreciable value:

depreciable value = total cost - salvage value = $181,640 - $14,000 = $167,640

since the machine is going to be used for six years, the depreciation expense per year = depreciable value / useful life

depreciation expense per year = $167,640 / 6 years = $27,940

if it was depreciated during 5 years, the total depreciation expense would be: $27,940 per year x 5 years = $139,700

If the machine was depreciated before time, and sold only at its salvage value, Onslow Corp. should report a loss of $27,940.

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3 years ago

The largest component of gdp is investment spending. is

antiseptic1488 [7]

Answer:

The statement is false. The largest component of GDP is private consumption, or simply: consumption.

Explanation:

Consumption includes all purchases of goods and services made by individuals and households except for the purchase of new houses (these are considered investments).

In the U.S., consumption accounts for around 70% of GDP. This is why some economists say that the U.S. is a consumer-based economy.

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3 years ago

In a _______________________, most economic decisions about what to produce, how to produce it, and for whom to produce it are m

olga_2 [115]

Answer:

market-oriented economy is the correct answer.

Explanation:

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3 years ago

Select the correct answer from the drop-down menu. A local carbonated beverage business enters a foreign market. What problems c

Nadya [2.5K]

Answer:

Advertisements and promotional schemes have to be introduced to make people aware of their product.

Explanation:for new business to survive in a foreign country is not always easy so, there must creat more awareness for people to know the and the product they are offering and this can be done by advertising and promotions

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3 years ago

Read 2 more answers