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Is it illegal to have a slot machine in you home for enterainment only?
Aslong as no profit is made from the machine then its fine
Which organization created the Wayback Machine?
The Wayback Machine is created by a non-profit organization Internet Archive. This organization is based in San Francisco, California. The Wayback Machine is a digital time capsule.
Why is it necessary to distinguish between capital and revenue?
Then only they find the real profit or loss and financial position of the businessBecause the capital expenditure will take place to Balance sheet and revenue expenditure will go to profit and loss account. Capital expenditure also called asset of the business. These expenditure also called non-recurring nature expenses.Revenue expenditure also called recurring nature expenses.
Is it is Recurring or non recurring?
recurring
A machine is currently recorded in the books of a business with a cost of 10000 and accumulated depreciation of 3000 the machine is sold for 8000 account for disposal?
Accounting Entry: [Debit]Cash 8000 [Debit]Accumulated Depreciation 3000 [Credit] Machine 10000 [Credit]Profit on Sale 1000
Why is it necessary to distinguish between capital and revenue expenditure?
Then only they find the real profit or loss and financial position of the businessBecause the capital expenditure will take place to Balance sheet and revenue expenditure will go to profit and loss account. Capital expenditure also called asset of the business. These expenditure also called non-recurring nature expenses.Revenue expenditure also called recurring nature expenses.
What number is the same as 8 thousand?
7999.99... recurring.7999.99... recurring.7999.99... recurring.7999.99... recurring.
What is the formula for finding profit percentage?
First, there are two kinds of profit: Gross Profit and Net Profit. With gross profit, you are basically concerned with the profit involved by selling an item. For example, if you have a vending machine, and you can buy bottles of soft drinks for 25 cents and sell them for 50 cents. The Gross Profit is (Sales - Cost of Goods)/(sales) = (50 - 25)/50 = 1/2, which is 50%. See that Cost of Goods is the cost you paid for the items that you're selling. But there may be other costs involved in selling drinks from the machine. If you rent the machine, then there is a monthly cost there, or even if you own the machine, there can be repair costs, electricity, etc. All of these costs affect the Net Profit, but generally cannot be tied to the individual sale of one drink. So to figure Net Profit, you take a time period, and add up all costs, then subtract from total revenue (income). To get as a percentage, divide by the revenue. So say in a month you sold 200 drinks at 50 cents, so your revenue is $100 and your cost of goods on those is $50. Then all of your 'other costs' such as repairs, electricity, gasoline to drive and refill the machine, etc. are $40. So total costs are now $50 + $40 = $90, and Net Profit = $100 - $90 = $10, and Net Profit Percentage = $10/($100) = 1/10, which is 10%.
What has the author David R Marchant written?
David R. Marchant has written: 'A manual on automatic washing machine service and repair' 'A manual on professional sewing machine repair for profit'
Can you use inferior in a sentence?
Some schools' vending machine sell inferior quality food for the kids to get higher profit.
How do you invent a heroine?
1)Make time machine 2)Take heroine back to before it was mainstream. 3)Profit?
Is insurance on factory building a fixed cost?
The cost of insurance premia on factory building is recurring expenditure and to be shown on the lefthand side of the Profit & Loss A/c of the company. This not at all a fixed cost.
