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
A manuscript is sent to a typing firm consisting of typists A, B and C. If it is typed by A, then the number of errors made is a
spin [16.1K]

Answer:

(a) E(X) = 3

(b) Var(X) = 12.1067

Explanation:

(a) E[X]

E[X]T = E[X]T=A + E[X]T=B + E[X]T=C

         = (2.6 + 3 + 3.4)/3

         = 2.6 (1/3) + 3(1/3) + 3.4(1/3)

         = 2.6/3 + 1 + 3.4/3

         = 3

(b) Var (X) = E[X²]−(E[X])²

Recall that if Y ∼ Pois(λ), then E[Y 2] = λ+λ2. This implies that

E[X²] = [(2.6 + 2.6²) + (3 + 3²) + (3.4 + 3.4²)]/3

         = (9.36 + 12 + 14.96)/3

         = 36.32/3

         = 12.1067

Var(X) = E[X²]−(E[X])²

          = 12 - 3²

          = 12.1067 - 9

          = 3.1067

8 0
3 years ago
Exploring the cost of transporting goods is part of which step in the screening process for potential markets and sites?
mario62 [17]

B) Step 2: Assess the national business environment is part of which step in the screening process for potential markets and sites.

The national environment of a business consists of economic, demographic, natural, cultural and political forces. The external environment of a company is often divided into an economic environment, a political and governmental environment, a sociocultural environment, and an international environment.

A state-owned enterprise is a company that operates within the borders of a particular country. Like local companies, state-owned companies understand the culture of the country and develop products and services to satisfy the market. For example, Donut Time is a donut shop that operates throughout Australia.

The question is incomplete. Please read below to find the missing content.

Exploring the cost of transporting goods is part of which step in the screening process for potential markets and sites?

A) Step 1: Identify basic appeal

B) Step 2: Assess the national business environment

C) Step 3: Measure market or site potential

D) Step 4: Select the market or site

Learn more about the national business environment here: brainly.com/question/22728969

#SPJ4

4 0
1 year ago
When a firm uses retained profits to invest in more energy efficient equipment, an economist would calculate the _______________
Blababa [14]

Answer:

opportunity cost

Explanation:

When a firm uses retained profits to invest in more energy efficient equipment, an economist would calculate the opportunity cost of investing in physical capital.

6 0
2 years ago
Using the fixed-time-period inventory model, and given an average daily demand of 75 units, 10 days between inventory reviews, 2
viva [34]

Answer:

a. 863

Explanation:

Calculation for the order quantity

Order quantity = 75 x (10 + 2) + (1.64 x 8) - 50

Order quantity = (75 x 12) + (1.64 x 8) - 50

Order quantity= 900 + 13.12 - 50

Order quantity= 863.12

Order quantity = 863

Therefore the Order quantity will be 863

8 0
3 years ago
Higher nominal interest rates ______ the amount of money demanded and higher real income ______ the amount of money demanded.
Ulleksa [173]

Answer:

decreases

increases

Explanation:

Nominal interest rate is real interest rate plus inflation rate. If nominal interest rate rises, people would prefer to save their money and so the demand for money would fall.

Real income is income adjusted for price level changes. The higher the real income,the higher the purchasing power, the higher the demand for money.

3 0
3 years ago
Other questions:
  • What percentage of americans viewed the united states intervening in wwi as a mistake? 60% 100% 15% 5%?
    7·1 answer
  • E17-4 (LO1) (Entries for Available-for-Sale Securities) Assume the same information as in E17-3 except that the securities are c
    6·1 answer
  • Willie is the production manager of the sterile ophthalmic formulations division of Pharmogrep, a pharmaceutical manufacturing c
    8·1 answer
  • With a​ downward-sloping demand​ curve, average revenue is equal to price A. because the firm must lower its price to sell addit
    14·1 answer
  • On Saturday morning, you rank your choices for activities, from most preferred to least preferred, in the following order: go to
    7·1 answer
  • Page 378 10.2. What efforts were made in this period to strengthen the economic integration of the nation, and what major crises
    6·1 answer
  • The annual interest payment on bonds: decreases over the life of the bonds when bonds are issued at a discount. stays constant o
    9·1 answer
  • The existence of money leads to a. greater specialization and to a higher standard of living. b. neither greater specialization
    15·1 answer
  • Over the years, the Securities and Exchange Commission (SEC) has delegated its statutory authority to establish accounting princ
    12·1 answer
  • A data analyst at a nonprofit organization is working with a dataset about a summer fundraiser. Although they have a lot of usef
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!