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How to figure finanials help please
MacRP
subscriber Posts: 3
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???
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???
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Comments
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