Public four-year universities earned a collective $66.4 billion from tuition and fees in 2017. This made up 20.6% of their gross revenue. In 2016, it made up 21.5% of the total. … Besides tuition and fees, major sources of revenue include hospital services, grants and contracts, and auxiliary enterprises. HowRead More →
Nightclubs and Private Clubs: An establishment where 50 or more people regularly congregate primarily for entertainment purposes in the form of dancing or live or recorded music. Are nightclubs a good investment? Still, the attraction of high drink profit margins, long lines waiting to pay a cash cover charge andRead More →
On average, any funeral home can expect a mid-range gross profit margin of anywhere between 30 and 60 percent for each service, and an overall business profit margin between 6 and 9 percent. How much profit does a funeral home make per funeral? An IBISWorld report on the sector foundRead More →
What is a P&L used for? The P&L is the document used by the IRS to assess taxes on your company’s profits. It makes up one-third of the typical business financial statements, the others consisting of a balance sheet and cash flow statement. What is profit and loss account items?Read More →
If an asset’s carrying amount is decreased as a result of a revaluation, the decrease shall be recognised in profit or loss. How is a revaluation increase accounted for? In most cases, the reserve line either increases a liability or reduces the value of an asset. … If the assetRead More →
How to write a profit and loss statement Step 1: Calculate revenue. … Step 2: Calculate cost of goods sold. … Step 3: Subtract cost of goods sold from revenue to determine gross profit. … Step 4: Calculate operating expenses. … Step 5: Subtract operating expenses from gross profit toRead More →
Myth #1: All Stockbrokers Make Millions The average stockbroker doesn’t make anything near the millions that we tend to imagine. In fact, some lose a lot of money through their trading activities. The majority of companies pay their employees a base salary plus commission on the trades they make. HowRead More →
Advantages and Disadvantages of a For-Profit Subsidiary The main disadvantage is that resources, personnel, and administrative expense must be doubled to run two separate entities. Maintaining entity separation is crucial because failing to do so could lead to attribution of non-exempt activities to the nonprofit. How is profit shared inRead More →
From a certain point of view, it’s true that you can’t go broke taking a profit. However at the same time, you may be preventing yourself from getting rich. Who said you can t go broke taking a profit? Bernard Baruch – Nobody ever lost money taking a profit. WhenRead More →
In a monopolistically competitive market, the rule for maximizing profit is to set MR = MC—and price is higher than marginal revenue, not equal to it because the demand curve is downward sloping. What price will the profit-maximizing monopolist charge? The monopolist will select the profit-maximizing level of output whereRead More →