Gross and Net profit Gross profit A company’s revenue‚ minus the business’ costs of goods For example: If I sold 5000 cheese sandwiches for £1 each my total revenue would be 50 x £1 = £5000 It costs 25p per sandwich to purchase bread‚ butter and cheese. My gross profit = Revenue – Costs of sales (25p x 5000= £1250.00) = £3750.00 Net profit The business’ gross profit minus expenses For example: My gross profit from my sandwiches is £3750.00 to calculate my Net profit I need to minus
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Ouch! It Burns!- a descriptive essay It was New Year’s Eve back home in the Philippines. I was only 6 years old‚ short‚ thin and clumsy. With my favorite striped pink shorts and white tank top with a Care Bears print on‚ I rushed outside our apartment to join other kids light some fireworks. People everywhere on our neighborhood were lighting their own fireworks and firecrackers. The sky that was usually dark was now filled with different colors of light – yellow‚ red‚ green‚ blue‚ white‚
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Alex Fulton Descriptive essay GSW 1110 “The rush” As the clicking noise of the not so steady ski-lift chimes away‚ I hold on tightly‚ looking down at the people below. This being my first time doing anything in or around snow‚ I was very excited to be going snowboarding. While the ski-lift jerked back and forth my friend Corey enlightened me on the tips for staying alive while I went down the hill. I was trying to pay attention but I was just so eager to snowboard that his tips weren’t registering
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Descriptive essay #1 There are few relationships in my life that could compare to the complexity of the relationship that I share with my father. I grew up hearing stories of his childhood when he grew up in a military family with eleven brothers and sisters‚ moving from state to state in the deep humid south. I grew up idolizing him because of the crazy wacky adventures that he and his older brother (his best friend) would always be involved in. I always pictured myself in his brother’s shoes
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observations using behavioural categories. Content analyses can also collect quantitative data. These data can be interpreted fairly easily with averages‚ measures of dispersion and graphs (pages 52–53) and are typically objective. Qualitative data are descriptive‚ e.g. answers to open questions from self-reports (page 41) and detailed findings from observations and content analyses. They are harder to analyse as you need to look for
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CHAPTER 8 DEDUCTIONS FROM GROSS INCOME Problem 8 – 1 DEDUCTIBLE OR NONDEDUCTIBLE FROM GROSS INCOME |1. Deductible |11. Nondeductible | |2. Nondeductible |12. Deductible | |3. Nondeductible |13. Deductible
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The estate of a deceased person is subject to the following deductions: 1.) Expenses‚ losses‚ debts and taxes: a.) Funeral expenses -must not be more than 5% of the gross estate and not more than Php200‚000 (doesn’t include expenses after the burial.) b.) Court expenses for testate (with a will) or intestate (without a will) proceedings (including extra-judicial settlement.) c.) Debts of the deceased where the papers of said debts are notarized when they were contracted. If the loan was made
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HOW CAN WE PREDICT THE GROSS DOMESTIC PRODUCT (GDP) OF A STATE? Gyasi Bawuah Abstract The object of this project was to look at a predictability model for Gross Domestic Product (GDP)‚ and to evaluate whether or not the proposed minimum wage increase by the US government would automatically increase GDP as analysts have stated. The study examined all the states in the US with emphasis on their minimum wages‚ unemployment
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Compare and Contrast Essay Name Institutional Affiliation Introduction Academicians argue that‚ a powerful reader paints a picture on a reader’s mind. Writing effective different types of essays is increasingly becoming a critical organ of academic success (Feng & Checkett‚ 2014‚ p. 152). There are two major types of essays‚ narrative and descriptive. While the two might be appropriate in academic writing‚ one is arguably effective that the other. Narrative essays tells a story from personal
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Gross profit is a company’s residual profit after selling a product or service; it involves deducting the cost associated with the production and sales. To calculate gross profit it involves examining the income statement. In the income statement you take the revenue and subtract the cost of goods sold. This is also called gross margin and gross profit. Gross profit is needed in a company because it shows how efficiently management uses labor and supplies in the production process (Investopedia
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