Make Connections

Network, Get Answers, Find Members in Your Area, and More!

Forums » Accounting & Financial Management

How to figure finanials help please

    • 6 posts
    June 1, 2009 8:14 AM EDT
    What I am really looking for is list of the financials one would generally use and the order that one would generally find them out and how to find each one out.

    Searching and I find individual topics (profit margin) and such.  But I am looking for the overall picture and flow.

    I have my BP about 80% done.  I am to the point of all the profits, rev, margins, etc.  My business will be an online sales.  I will sell ~5% of product @ ~$4 per item, ~20% ~$14, and 5% ~$50.

    I have figured my yearly volume at an avg selling price is $6.

    Say $5,000,000 in revenue.

    24% mark up.

    Now???
    • 6 posts
    June 1, 2009 8:49 AM EDT
    OK.  So...
     
    Revenue
    - Discounts & Deductions
    = Net Revenue
     
    - Cost of Goods Sold
    = Gross Income or `Gross Margin` or `Gross Profit`
     
    - Expenses
    =Net Income
     
    -Taxes
    =Net Profit After Taxes
     
    MacRP6/1/2009 3:29 PM