P&L
COGS
P&L Ratios
Accounting Principles
Etc.
100
Operating Profit
What is Sales - COGS - Operating Expenses
100
COGS
What is the variable costs of a business?
100
Gross Profit Margin
What is Gross Profit / Total Sales?
100
Matching principle
What is the accounting principle called when recording Income and Expenses for the same period of time?
100
Net Loss
What is the excess of expenses over revenues?
200
Gross Profit Margin
What is Gross Profit in percentage of Sales
200
Beginning Inventory + Purchases - Ending Inventories
What is COGS?
200
Operating Profit
What is Gross Profit - Operating Expenses?
200
Accrual Basis
What is it called when revenue and expenses are recorded when earned/incurred?
200
Snapshot
What is Balance Sheet?
300
Depreciation
What is cost of use of fixed assets
300
Sales/ 1 + mark up
What is COGS?
300
Quantiy * Unit Cost
What is Total COST?
300
Cash Basis
What is it called when revenue and expenses are recorded when cash changes hands?
300
Moving Picture over time (video)
What is Income Statement?
400
Interest
Where is the installment of a loan recorded in Income Statement?
400
Mark Up
What is Percentage of cost?
400
Mark Up
What is Gross Profit / COGS?
400
When earned
When is revenue recorded?
400
Cost determined by Sales
What is Variable Costs?
500
The time span during which cash is used to acquire goods, sold to customers and paid by customers.
What is the operating cycle?
500
Weighted average mark up
What is each units' price mark up * % of Sales?
500
Average net Profit * (60-70%)
What is Maximum Allowable Monthly Loan Payment?
500
Retained Income (in balance sheet equation)
What is Revenue - expenses?
500
Selling costs, Administrative costs, Rent, Utilities, Office costs
What is Fixed cost?
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