Explain the difference between profit or loss, gross profit and EBIT.
Question:
Explain the difference between profit or loss, gross profit and EBIT.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (6 reviews)
Profit is revenues minus expenses to calculate net profit Loss is expense...View the full answer
Answered By
James Warinda
Hi! I’m James Otieno and I'm an experienced professional online tutor with countless hours of success in tutoring many subjects in different disciplines. Specifically, I have handled general management and general business as a tutor in Chegg, Help in Homework and Trans tutor accounts.
I believe that my experience has made me the perfect tutor for students of all ages, so I'm confident I can help you too with finding the solution to your problems. In addition, my approach is compatible with most educational methods and philosophies which means it will be easy for you to find a way in which we can work on things together. In addition, my long experience in the educational field has allowed me to develop a unique approach that is both productive and enjoyable.
I have tutored in course hero for quite some time and was among the top tutors awarded having high helpful rates and reviews. In addition, I have also been lucky enough to be nominated a finalist for the 2nd annual course hero award and the best tutor of the month in may 2022.
I will make sure that any student of yours will have an amazing time at learning with me, because I really care about helping people achieve their goals so if you don't have any worries or concerns whatsoever you should place your trust on me and let me help you get every single thing that you're looking for and more.
In my experience, I have observed that students tend to reach their potential in academics very easily when they are tutored by someone who is extremely dedicated to their academic career not just as a businessman but as a human being in general.
I have successfully tutored many students from different grades and from all sorts of backgrounds, so I'm confident I can help anyone find the solution to their problems and achieve
0.00
0 Reviews
10+ Question Solved
Related Book For
Accounting Business Reporting For Decision Making
ISBN: 9780730363415
6th Edition
Authors: Jacqueline Birt, Keryn Chalmers, Suzanne Maloney, Albie Brooks, Judy Oliver
Question Posted:
Students also viewed these Business questions
-
Discuss the difference between profit or loss and comprehensive income.
-
Explain and diagrammatically represent the difference between profit regulation and output regulation of a natural monopoly.
-
Explain the difference between actuarial and clinical or holistic prediction.
-
Why do most cities in the United States now have more radios but fewer radio repair shops than they did in 1960?
-
Think about one of your favorite companiesor a company where you might like to workand analyze their social media presence and engagement. Does it have a Facebook page, Twitter account, blog, or...
-
Suppose the kick in Example 3-5 is attempted 36.0m from the goalposts, whose crossbar is 3.00m above the ground. If the football is directed correctly between the goalposts, will it pass over the bar...
-
A set of nonredundant (1oo1) safety equipment is used to implement a SIF. Demands are expected every minute and DTI is 40 seconds. The following failure rate data are obtained by adding the failure...
-
Individual Rehabilitation Services (IRS) is a not-for-profit organization that assists individuals returning to society following a substance abuse conviction. IRS has been greatly successful in its...
-
Chuck Wagon Grills, Incorporated, makes a single product-a handmade specialty barbecue grill that it sells for $210. Data for last year's operations follow: Units in beginning inventory Units...
-
In the following situations, certain events take place after the contracts are formed. Discuss whether each of these contracts is discharged because the events render the contracts impossible to...
-
You are the assistant accountant at Coconut Plantations Pty Ltd, and you have prepared the following statement of profit or loss for the year ended 31 December 2018. Additional information The other...
-
A list of account balances for Mr Zhengs business (Futronics) at the end of the 30 June 2017 reporting period is shown below. Prepare the statement of profit or loss for the reporting period, and the...
-
Refer to Example 4. Find the optimal solution, i.e., the sequence of jobs that satisfies the due hours (i.e., end of the 8th hour) for all five jobs. Job 1 Job 2 Job 3 Job 4 Job 5 1. Drill 1 Lathe 2...
-
Identify a true statement about crisis-based charismatic leaders. Multiple choice question. They possess the ability to see both the big picture as well as the opportunities the big picture presents....
-
What is one of the challenges mentioned in applying conventional cost management methods to events as projects?
-
d. 1. (2 x 4-8 pts) Find the shortest possible closed formula equal to each. Allowed key stroke: binomial coefficient a. (V) \binom(x)(y) ()-(2)+(1) - ... + (-1) +1 (n) : b. (0+ n) + (1 + n) + ( +...
-
Identify the scenario that would NOT result in an unfavorable direct materials price variance. Unselected The manager ordered smaller quantities than the quantities budgeted which resulted in lower...
-
4) What will be the output of the program? public class ExceptionTest { public static void main(String[] args) { System.out.println(exception Test()); } public static int exceptionTest() int i=63...
-
Use resolution to show that the compound proposition (p q) (p q) (p q) (p q) is not satisfiable.
-
Whats the difference between an ordinary annuity and an annuity due? What type of annuity is shown below? How would you change the time line to show the other type of annuity?
-
Lavender Plantations Pty Ltd manufactures Lavender-based products and commenced operations in 2019. Production and sales have grown consistently. Here are data for the last four years (in $...
-
Pineapple Plantations Pty Ltd manufactures sustainable, Pineapple-based products for sale to wholesalers and retailers around Australia and New Zealand. Dave Geitz, the manager, has a goal of...
-
JB Hi-Fi Ltds 2018 statement of financial position provides the following data. In 2018, JB Hi Fi Ltd earned record revenue (increased by 35.3 per cent) and the EPS (earnings per share) increased by...
-
Answer the following questions with respect to the following Strategy pattern diagram as illustrated below 3. The relationship between StudentToSchool class and Strategy and actors with strategy?...
-
a) Design a simple relational database that captures the information required to maintain records of orders. Take into account that your design should allow a customer to order as many items as...
-
Write a procedure named AVG in assembly language which calculates and returns the average of three memory operands. Also show how this procedure will be called from main. Pass arguments (variable...
Study smarter with the SolutionInn App