VAT is commonly used in the European Union (EU).GST, on the other hand, is more commonly used in countries like India, Malaysia, Singapore, New Zealand, and Canada (where it coexists with provincial sales taxes). VAT rates are usually higher than GST.GST rates are typically lower than ...
While cash from investing may show a negative balance, it’s not necessarily a red flag if the cash is invested in income-producing assets like inventory or in activities such as research and development that can bring about future sales and profit. Cash flow from financing Cash flow from ...
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Taxes payable: This refers to taxes the company owes but hasn’t yet paid, such as income tax, sales tax, property tax, and other government levies. Wages payable: This is money owed to employees for work they’ve already performed but haven’t been paid yet. Loan interest payable: This...
Other receivables: These include money owed to the business outside of normal sales activities, such as employee cash advances, insurance claims, or income tax refunds. Short-term investments: This includes investments that the business intends to sell within 12 months, such as stocks, bonds, or...
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Taxes. Taxes including sales tax, income tax, and property tax. All of the values that go into a net profit margin calculation can be found in a properly organized income statement. As a written formula, net profit margin might look like: Net profit margin = ([R – COGS – E – I...