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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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Red Co. acquired 100% of Green, Inc. on January 1, 2012. On that date, Green had inventory with a book value of $42,000 and a fa

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Answer:

D) $15,000.

Explanation:

190,000 excess of value Building amortized over 10 years: 19,000

70,000 lesser value on Equipment amortized over 5 years: 14,000

We will amortize the building at a rate of 19,000 dollar per year

and we will amortize the equipment at 14,000 per year

the inventory as still is in the company's possesion will also need to be adjsuted

10,000 + 19,000 - 14,000 = 15,000

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3 years ago

3. Raymond decides to set up a lemonade stand every weekend for the next four weeks to save up for the latest X-Men comic. He ha

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Answer:

It should listen to his mother.

Explanation:

This week cash flow handled the fixed cost of 10 to Raymond's brother.

His father is not considering that so it thinks the business flops.

Now that fixed cost are paid the following weeks his gains will increase entirely based on the sales volume so, it is better to continue the business for the next three weeks.

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3 years ago

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Answer:

783000

Explanation:

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2 years ago

Read 2 more answers

The _____ established a minimum wage and overtime pay for employees working more than 40 hours a week.

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According to the historical and information record, the Fair Labor Standards Act of 1938 established a minimum wage and overtime pay for employees working more than 40 hours a week.

Fair Labor Standards Act of 1938 was made to improve the working conditions of employees and also protect their rights against exploring employers.

The Fair Labor Standards Act of 1938 established standards on minimum wage, working hours, and oppressive child labor.

Hence, in this case, it is concluded that the correct answer is the "Fair Labor Standards Act of 1938."

Learn more here: brainly.com/question/15966261

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2 years ago

Why is it important to research several careers rather than just one

vampirchik [111]

It is important to research several careers rather than just one because, then you could know which career is most likely better for you to work for, and which one would fit you, and if you are comfortable in doing that career.

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3 years ago