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So You want to Own Your Own Business…

Source: So you have decided you want to be your own boss. Maybe you are in a position to finally start your own business that you’ve always ... They have very little or no control over the cost of goo... read more

How to Calculate the Cost of Inventory

The cost of the goods sold is simply your total revenue minus your gross profits ... Women on Writing. She also studied business in college. LaMarco, Nicole. "How to Calculate the Cost of Inventory." ... read more

How do you calculate unit cost?

When your business sells a product ... The second entry reflects the cost of the goods sold and how it affects the inventory. To make this entry, you need to know your unit costs. To calculate unit co... read more

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How to Calculate Gross Profit

One of the most important financial concepts you will need to learn in running your new business is the computation of gross ... The gross profit on a product is computed as: Sales - Cost of Goods Sol... read more

The Formula to Calculate Gross Profit in Periodic Inventory Systems

increase your sales volume or raise your prices. In the previous example, if you reduce cost of goods sold to $600,000 and increase net sales to $1.1 million, your gross profit would rise to $500,000. read more

The logic gateways of pitching your startup

The first article in this ten article series is an introduction to the concept and the underlying principles behind the logic gateway mechanism for pitching your business. Each subsequent article ... read more

7 Restaurant Performance Metrics and How to Calculate Them

If you’re a restaurant or foodservice business ... your guests’ expectations, and your restaurant’s service type, typically a restaurant’s food cost percentage should be between 28-35 percent. You can ... read more

MoviePass: An Unprofitable Company With A Profitable Stock

It looks like your gain is MoviePass' loss ... be able to sign with distributors and production studios (Figure 3A). Average Cost Per User To calculate cost of goods sold, we assumed that each subscri... read more

If You Don’t Know Your Company’s Inventory Turnover Ratio, You’re in Trouble

If you’re in an inventory-based business, managing your inventory efficiently ... Often, the ratio is calculated as: Inventory turnover = Net sales / Inventory Sometimes it is calculated as: Inventory ... read more

How to Calculate Taxable Income for a Company

Generally, taxable income of a company is calculated by taking its gross sales, less permissible deductions for its various ordinary and necessary business expenses ... If so, calculate the cost of go... read more

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