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Get the amount by given total and percentage If the original price of a coat is $110, but you need to pay additional 12% in sales tax, how much do you need to pay for the sales tax? Select a blank cell, here is C13, type below formula, then pressEnterkey: ...
First, you’ll need to find your net credit sales or all the sales customers made on credit. Invoices indicate a credit sale to a customer. You collect the money from credit sales at a later date. Step 1: Determine your net credit sales ...
If the opposite situation occurs—that is, if the amount that domestic consumers spend on foreign products is greater than the total sum of what domestic producers are able to sell to foreign consumers—it is called atrade deficit. In this situation, the GDP of a country tends to decrease....
Revenue and income are sometimes used interchangeably. However, these two terms do usually mean different things. Revenue is often used to measure the total amount of sales a company makes from its goods and services. Income is often used to incorporate expenses and report the net proceeds a co...
The Total Expense Ratio (TER) measures the total amount of management fees paid to an asset management company (AMC). This happens when you invest your money and an AMC manages your investments. However, you don’t actively pay these fees. They get deducted directly from the net asset value...
The government decides the Provident Fund per cent rate. Your PF amount will be returned to you at retirement or when making a claim. Professional Tax The Professional Tax is deducted from your monthly salary income. This deduction amount goes to the respective government of the state. ...
Net Change in Cash = Cash from Operations + Cash from Investing + Cash from Financing Subsequently, the net change in cash amount will then be added to the beginning-of-period cash balance to calculate the end-of-period cash balance. Ending Cash Balance = Beginning Cash Balance + Net Change...
How to Find Operating Expenses on Income Statement On the income statement, the section for operating expenses can be found below gross profit and above operating income (EBIT). Occasionally, OpEx can be consolidated into a single line item, but the standard layout is for the expenses to be ...
To find a company’s net margin, tally the cost of goods sold along with indirect operating expenses, interest expenses, and tax expenses. Combine all of these line items into a single metric called total expenses. Concurrently, tally up the company’s total revenue from all activities, whethe...