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Title: 12
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Subject: Biographies
Date: June 11, 1999
Length: 19 / 5676
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This is the gross profit or gross margin. But you still have to pay your fixed costs to end up with your net profit. If your fixed costs for expense items such as rent, leases, insurances etc are $3,000 and you sell 100 widgets and make a gross margin of $40 on each one, then your total gross margin is $4,000 and after deducing your fixed costs of $3,000, you will end up with a "net profit" of $1,000...
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The "net profit" of $1,000 is "what's left over" after deducting the variable costs of $6,000 and the fixed costs of $3,000 from your total sales of $10,000. On the other hand, if your fixed costs are more than $4,000, then you'll incur a loss. We can restate these factors in the traditional Profit and Loss Statement format: SALES (Quantity X Price) $10,000 100 widgets at $100 sale price each Less COST OF SALES (Variable Costs) 6,000 100 widgets at $60 cost each Gross Profit 4,000 100 widgets at $40 gross margin each Less FIXED COSTS (Rent, leases, wages, insurances, etc...
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Common topics in this essay:
DEDUCTIONS FROM GROSS ESTATE UNDER PHILIPPINES TAX RULES AND SINGAPORE TAX RULES   Gross National Happiness   Gross domestic product   Inncrease Profit Margin   Nestle profit   Non Profit Insurance Co.   Non-profit   Simple Ways To Increase Your Restaurant Profit Margin   Accounting Fixed And Variable Costs   How Do Variable Costs And Fixed Costs Differ?   Profit vs Not for profit Hospitals   The Gross Clinic   UN secretary General Kofi Annan once remarked that "the world cannot stand aside when gross and systematic violations of human rights are taking place". What is needed, he said, are "legitimate and universal principles" on which intervention can b...   Why Not GNP (Gross National Happiness)?   Cheating For Fun And Profit  
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