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2 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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Match each of the following characteristics or scenarios with either the term negative externality or the term positive external

Nataly_w [17]

Answer:

Explanation:

negative externality (NE)

positive externality (PE)

a. Overallocation of resources: NE

b. Tammy installs a very nice front garden, raising the property values of all the other houses on her block. PE

c. Market demand curves are too far to the left (too low). NE

d. Under allocation of resources. PE

e. Water pollution from factory forces neighbors to buy water purifiers. NE

4 0

2 years ago

The movement of electricity is called: A. Amperage B. Current C. Voltage

ElenaW [278]

B. Current. Currents are the way electricity travels, voltage is how many volts of electricity is in the current and amperage is the strength of the current.

6 0

2 years ago

Property, plant, and equipment (net) $3,200,000 Liabilities: Current liabilities $1,000,000 Note payable, 6%, due in 15 years 2,

nadya68 [22]

Answer:

a. Ratio of fixed assets to long-term liabilities

= Fixed assets x 100

Long-term liabilities

= $3,200,000 x 100

$2,000,000

= 160%

b. Ratio of liabilities to shareholders' equity

= Total liabilities x 100

Shareholders' equity

= $3,000,000 x 100

$5,000,000

= 60%

c. Asset turnover

= Sales

Total assets

= $18,750,000

$7,000,000

= 3 times

d. Return on total assets

= Net income x 100

Total assets

= $930,000 x 100

$7,000,000

= 13.29%

Explanation:

The ratio of fixed assets to long term liabilities equals fixed assets divided by long-term liabilities multiplied by 100.

Ratio of liabilities to stockholders' equity equals total liabilities divided by total stockholders' equity multiplied by 100. The total liability is equal to current liabilities plus long-term liabilities.

Asset turnover equals sales divided by total assets.

Return on total assets equals net income divided by total assets multiplied by 100.

4 0

3 years ago

The first and most important step in the posting procedure is

Step2247 [10]

The answer is B. Posting the date.
Here's the sequence of posting procedures.
First, Posting the date.
Second, posting the amount of the transactions.
Third,posting the page number of the journal in the Post. Ref. column of the ledger account.
And lastly, recording the posting ref. information

6 0

2 years ago

A carpenter was nailing a strap onto a residential single-story home construction project using a nail gun with a 16d nail to af

Rudiy27

Answer: Struck by hazards.

Explanation:

Struck by hazards is caused when there is a sudden forceful contact between an object and an injured person.

Classes of stuck by hazards include

1. Falling objects, for example a falling wood from a construction site.

2.Rolling objects.

3.Swinging objects.

4.Flying objects.

• It is important to note that putting in place and using the right safety measures can serve as a means of protection against any form of job related hazard.

4 0

3 years ago