Describe the term Net Profit
Briefly describe the term Net Profit?
Expert
Net Profit , as well named as operating profit is authentic earnings of the company in a given period of time. It is a measure of the profitability subsequent to accounting for all costs. In easy words, net profit is the money left over subsequent to paying all the expenses including interest and taxes. It is the evaluated by deducting all total expenses from total revenues. Net income can be either distributed between shareholders of the company or held through the firm as retained earnings for the prospect purposes. Net Profit = Gross Profit – Total Operating Expenses – Taxes – Interest
Rs. Sales 2,40,000 Variable costs 1,44,000 Fixed costs 26,000 Profit before tax 70,000 Rate of tax 40% Firm is proposing to buy the new plant that could generate extra annual profit of Rs. 10,000. The fixed cost of new plant is expected to Rs. 4000. New plant would increase sales volume by Rs. 40,00
Briefly describe the type of items that appear under the liability side of a balance sheet?
he following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depreciation (1,800,000) (1,350,000) Depreciation expense 560,000 Gain on disposal of PPE 65,000 The asset disposed of had a cost
As per schedule XIV of Companies Act, 1956 how is depreciation computed?
Is it okay to consider capital expenditures while computing the profitability of throughout a certain period?
Give a brief introduction of the term Minimum level of inventory levels?
Under the assets side what types of items appear?
Give a brief introduction of the term ‘Gross Profit’?
Give a brief introduction of the term Deep discount bonds?
What are the roles of collections?
18,76,764
1923286 Asked
3,689
Active Tutors
1457083
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!