When calculating a firm's cost of capital, why is there a cost associated with retained earnings? What is the difference between gross profit and net profit? Explain. How to calculate depreciation expense in financial statement? How is gross profit computed? Why is it such an important measure...
How is a balance sheet related to a profit and loss statement? How much is the unadjusted net loss in 2016? O 73,200 O 33,200 O 253,200 O 110,000 How is a gain or a loss on the sale of a plant asset computed? How is a gain or loss on the sale of a...
How is the accounts receivable turnover computed? What information does this ratio provide? How do you compute the unadjusted cost of goods sold? 1. What are some types of receivables for accounting? 2. How does accounts receivable occur?
However, some companies with inventory may use a multi-step income statement. COGS appears in the same place, but net income is computed differently. For multi-step income statements, subtract the cost of goods sold from sales. The result is gross profits. You can then deduct other expenses ...
By choosing journals, we may decide which one to use to select the data needed to calculate profit and loss. In this sense,Odoo Accountingfacilitates the precise generation of profit and loss statements. The managers can utilize this statement to gauge and analyze the company's performance. Inve...
The taxable value of fringe benefits is computed by reducing the amount disbursed by the employer from the current market value of fringe benefits...Become a member and unlock all Study Answers Try it risk-free for 30 days Try it risk-free Ask a question Our experts can...
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Margins can be computed from gross profit, operating profit, or net profit. The greater the profit margin, the better, but a high gross margin along with a small net margin may indicate that further investigation is needed. Profit margins vary by industry and should only be compared to those...
Gross profit margin is computed by simply dividing net sales less cost of goods sold by net sales. Net profit margin further removes operating expenses, interest, and taxes from net revenue to arrive at net income, then divides this number by net sales. ...
GDP can be computed on a nominal basis or a real basis, the latter accounting for inflation. Overall, real GDP is a better method for expressing long-term national economic performance since it usesconstant dollars.2 Let's say one country had a nominal GDP of $100 billion in 2014. By 20...