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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The right of the people The accountability of a leader is felt during the most challenging times of his governance. In a normal setting‚ the many reprobate violations perpetrated by leaders are enough to remove a person from office. In a political environment however‚ the situation is not so simple. The arduous process of impeaching a public official accused of crimes has not avoided the upper echelons of power as even presidents are culpable to impeachment. Presidents Clinton and Johnson withstood
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Imagine living in a world with internet restrictions. What is the problem with congress removing net neutrality if company’s say they will not block or slow down access to content on the internet? On the one hand‚ supporters of net neutrality argue that only large companies would be able to afford the faster internet speeds. Thus‚ reducing traffic to smaller businesses because of throttling and that content control could lead to content or site discrimination. On the other hand‚ opponents contend
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Net Neutrality In addition‚ those who challenge net neutrality must fight the issue of the American citizen’s right of privacy. By giving all the control to the ISPs they will obtain the right to basically spy on our every move on the internet. This would be violating the Fourth Amendment‚ which states “The right of the people to be secure in their persons‚ houses‚ papers‚ and effects‚ against unreasonable searches and seizures‚ shall not be violated‚ and no warrants shall issue‚ but upon probable
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ability to exercise significant influence over Bike. Bike’s assets on that date were recorded at $10‚500‚000 with liabilities of $4‚500‚000. There were no other differences between book and fair values. During 2010‚ Bike reported net income of $500‚000. For 2011‚ Bike reported net income of $800‚000. Dividends of $300‚000 were paid in each of these two years. 49. How much income did Harley report from Bike for 2010? A. $120‚000. B. $200‚000. C. $300‚000. D. $320‚000. E. $500‚000. 26. Under the equity
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The United States Postal Service (USPS) has delivered packages and other various mail for more than two centuries. With a significant increase to the USPS‚ however‚ the deficit in income has caused the USPS to shorten delivery days. In light of this‚ the United States Postal Service should not cut back on delivery days‚ but alternatively be reconstructed to meet the needs of Americans. It is important to support the traditions of the USPS by revamping the corporation’s policy‚ image‚ and by implementing
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What is Net Neutrality? If you’re like me‚ you like to spend your free time on the internet. Youtube videos‚ to learn something new‚ to update your status‚ play some games‚ and maybe to even post a thing or two on social media websites. You get on the internet with a variety of objects…smart phones‚ tablets‚ computers‚ smart Tvs‚ game consoles‚ etc. The internet is EVERYWHERE with you‚ it’s literally all around you‚ and we depend on it on more ways than one.. even if its just to get your homework done
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result? 6. Table 3.5 presents a computer spreadsheet for estimating R& E Sup-plies’ external financing required for 2009. The text mentions that with modifications to the equations for equity and net sales‚ the fore-cast can easily be extended through 2010. Write the modified equations for equity and net sales. 7. Using a computer spreadsheet‚ the information presented below‚ and the
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Paper I: Scope and model questions Scope of the Syllabus is largely based on the UGC NET syllabus. It is divided into ten Sections and there will be 15 questions relating to each of these. The Scope and the model Questions under different sections are given below. In the Question Paper‚ questions pertaining to different sections will be jumbled and questions of a given section may appear at random numbers. Section 1: Research aptitude Scope: - Research: Meaning‚ characteristics and types
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Brandex Inc. listed common stock and other paid-in capital at $1‚100‚000 and retained earnings at $3‚400‚000. The next year‚ retained earnings were listed at $3‚700‚000. The firm’s net income in 2011 was $900‚000. T here were no stock repurchases during the year. What were the dividends paid by the firm in 2011? Net income = increase in retained earnings + dividends $900‚000 = ($3‚700‚000 − $3‚400‚000) + dividends dividends = $600‚000 The founder of Alchemy Products‚ Inc.‚ discovered a way to
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