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
Choose the method of pay that would result in the most earnings for one month on sales of $40,000. A. Straight commission of 7.
sleet_krkn [62]

The method of pay that would result in the most earnings is method 1.

<h3>What method of pay would result in the most earnings?</h3>

In order to determine which method of pay would yield the highest earnings, the total amount that would be earned using each method of pay has to be determined.

Method A = 7.5% x $40,000 = $3000

Method B = $1600 + (2.5% x $40,000) = $2,600

Method C = (5% x $30,000) + (6% x 10,000) = $2,100

Method D = (4% x $25,000) + (8% x $15,000) = $2,200

To learn more about pay, please check: brainly.com/question/11946555

8 0
2 years ago
Help! I already choose one of the correct answers
Eva8 [605]
1,D u answered it 2,B 3,A 4,E 5,C
8 0
3 years ago
Costs, also called differential costs, are the additional costs from selecting a certain course of action.
Ilia_Sergeevich [38]

It is true that Costs, also called differential costs, are the additional costs from selecting a certain course of action.

<h3>What is differential costs?</h3>

Differential cost serves as the  difference between the cost of alternative decisions.

Therefore, It is true that Costs, also called differential costs, are the additional costs from selecting a certain course of action and the  cost do take place when a business have several similar options,

Learn more about differential costs, at

brainly.com/question/25799822

#SPJ1

8 0
2 years ago
Despite trade restrictions, international business is a. struggling for survival. b. decreasing. c. slowing down. d. moving slow
vlabodo [156]

Answer:

The answer is e. growing

Explanation:

The reason international business will continue to grow is because no nation can meet all its needs by itself. There will always be importation and exportation. This is where Comparative Advantage comes in.

What is comparative advantage?

  • Simply put, this is the ability of a company or an economy to produce and sell goods and services at a lower price than its competitors, and still realize a larger sales margin. This theory was introduced by the English political economist David Ricardo in 1817.

Another reason why international trade will continue to grow is because of Absolute Advantage.

  • Absolute advantage refers to the ability of an economy or a company to produce more or better goods and services than its others.

Let us assume that country A cannot produce its own oil, but country B can. In this scenario, country B has Absolute advantage over country A, therefore country A will naturally import oil from country B regardless of whether there are trade restrictions between them. This is because country A must fulfill its oil needs whether it likes it or not.

3 0
3 years ago
A fall in the value of the dollar againstother currencies makes U.S. final goods and services cheaper toforeigners even though t
Mars2501 [29]

Answer: I am right, the increased demand represents a rightward shift of the aggregate demand curve.

Explanation:

The increase in aggregate demand by foreigners occurred as a result of a fall in the value of the US dollars and aggreagrate price level stayed the same. Therefore, the change in aggregate demand didn't occur as a result of a change in price.

If agregrate demand changed as a result of a change in the aggregate price levels, there would be a change in quantity demanded and a movement along the demand curve.

It's only a change in price that result results in a movement along the aggregate demand curve.

Other factors that leads to a change in demand either shifts the aggregate demand curve to the left or to the right.

Therefore, an increase in aggregate demand as a result of the fall in value of US dollars causes the aggregate demand curve to shift to the right.

The shift in the aggregate demand curve to the right shows that demand has increased but aggregate price hasn't changed.

5 0
3 years ago
Other questions:
  • First National Bank charges 11.1 percent compounded monthly on its business loans. First United Bank charges 11.3 percent compou
    9·1 answer
  • Timothy wants to cut costs in his company to increase the profitability of production. Which tactic should Timothy utilize to cu
    8·1 answer
  • When short-term investments appear in the balance sheet at their current market values, it is an exception to the ______ princip
    5·2 answers
  • Which of the following statements is CORRECT? a. The WACC that should be used in capital budgeting is the firm's marginal, after
    7·1 answer
  • You have a small business that makes $50,000 accounting and economic profit for you. As a disabled person, you must work at home
    13·1 answer
  • Held-to-maturity securities are equity securities a company intends and is able to hold until maturity true or false
    7·1 answer
  • City Bus Corporation provides school bus transportation to private and public schools in Lancaster County. City Bus owns 50 buse
    6·1 answer
  • . Who can ride as a passenger if a personal vehicle driven to conduct Southwest Key business?
    10·1 answer
  • The managers of Tanika Enterprises are considering how well alternative plans may meet its high-priority goals, as well as ident
    9·1 answer
  • A monopolistically competitive firm maximizes profit in the short run by producing where?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!