Yep Stock as in inventory.
im doing a report and i need to know how much iams loast in profit from the food being pulled off the shelves
Hi guys,
Can someone help me about this… i already answered part (a), but i dont know if i am correct…and also please help me about (b)…thnx…
New World Hotel Limited has just started in business this year.
(a)During the year purchase (all for cash) were:
Beer$464,300
Wines$314,200
Spirits$230,900
At the end of the year stocks on hand were:
Beer$24,000
Wines$103,900
Spirits$46,900
Required:
What was the cost of the beer, wines and spirits sold by the hotel during the year?
Beer:$464,300 - $24,000 = $440,300
Wines:$314,200 - $103,900 = $210,300
Spirits:$230,900 - $46,900 = $184,000
(b)Sales (all for cash) during the same period were:
Beer$764,000
Wines$285,000
Spirits$468,800
Required:
(i)Prepare a cash flow statement for the drinks trading.
(ii)Prepare a profit and loss statement for the drinks trading.
(iii)Which part of the trade is most profitable? Discuss.
On its income statement for the fiscal year ended March 31, 2008, Alien Technology showed Net Sales of $15,491 million, Cost of Sales of $12,465 million, and Net Earnings of $2,541 million. (dollars in millions.)
looking for the gross profit ratio and profit margin ratio.
What is its rate of profit on its total assets?
Can anyone give specific benefits to be derived from Gross Profit on Sales as opposed to Contribution Margin?
What are the shortcomings, if any?
I need to know how much markup to insure real profit for my efforts. I specialize in rehab of residential properties. I need the midas formula.
Thanks
find out variable cost,contribution,fixed cost and BEP.help me to find the solution in detail.
My banker needs an ‘income statement’ from me, but Quickbooks doesn’t have the option of generating an ‘Income Statement’. Quickbooks does however, have the option of generating a Profit and Loss statement. Is this basically the same thing?
I have 2-3 times the sales, I have heard 5 times profits. Any suggestions from finance types on what a reasonable multiple to pay is?