Income Statements:
Akopọ
At the end of the year, every owner asks the same question: did we make a profit or a loss? The income statement answers it. By laying out the money coming in and the costs going out, it turns a year of trading into a few clear figures that owners, managers and investors all rely on.
In this lesson you will learn the main features of an income statement, revenue, cost of sales, gross profit, profit and retained profit, and how managers use these figures to make decisions, such as choosing between two products or two locations. You will not be asked to build a full statement, but you must be able to read and use one.
Awọn Afojusun
- Main features of an income statement, e.g. revenue, cost of sales, gross profit, profit and retained profit
- Use simple income statements in decision- making based on profit calculations (constructing income statements will not be assessed)
Akọ̀wé Ẹ̀kọ́
O wa lori ohun elo Green Bridge
Gba ohun elo Green Bridge CBT sori foonu tabi kọmputa rẹ lati ri awọn akọsilẹ ẹkọ ni kikun, awọn ibeere adaṣe, ati diẹ sii.
Ìdánwò Ẹ̀kọ́
Oriire fun ipari ẹkọ lori Income Statements:. Ni bayi ti o ti ṣawari naa awọn imọran bọtini ati awọn imọran, o to akoko lati fi imọ rẹ si idanwo. Ẹka yii nfunni ni ọpọlọpọ awọn adaṣe awọn ibeere ti a ṣe lati fun oye rẹ lokun ati ṣe iranlọwọ fun ọ lati ṣe iwọn oye ohun elo naa.
Iwọ yoo pade adalu awọn iru ibeere, pẹlu awọn ibeere olumulo pupọ, awọn ibeere idahun kukuru, ati awọn ibeere iwe kikọ. Gbogbo ibeere kọọkan ni a ṣe pẹlu iṣaro lati ṣe ayẹwo awọn ẹya oriṣiriṣi ti imọ rẹ ati awọn ogbon ironu pataki.
Lo ise abala yii gege bi anfaani lati mu oye re lori koko-ọrọ naa lagbara ati lati ṣe idanimọ eyikeyi agbegbe ti o le nilo afikun ikẹkọ. Maṣe jẹ ki awọn italaya eyikeyi ti o ba pade da ọ lójú; dipo, wo wọn gẹgẹ bi awọn anfaani fun idagbasoke ati ilọsiwaju.
- Gross profit is calculated as: A. revenue minus all expenses B. revenue minus cost of sales C. profit minus tax D. revenue plus cost of sales Answer: B
- Revenue is $80 000 and cost of sales is $50 000. Gross profit is: A. $130 000 B. $30 000 C. $50 000 D. $80 000 Answer: B
- Retained profit is the profit kept after deducting: A. cost of sales only B. tax and payments to owners (dividends) C. revenue D. variable costs Answer: B
- An income statement records a business's income and costs over: A. a single moment in time B. a period of time, usually one year C. ten years exactly D. one day only Answer: B
- Gross profit is $40 000 and other expenses are $15 000. The profit is: A. $55 000 B. $25 000 C. $40 000 D. $15 000 Answer: B
O wa lori ohun elo Green Bridge
Gba ohun elo Green Bridge CBT sori foonu tabi kọmputa rẹ lati ri awọn akọsilẹ ẹkọ ni kikun, awọn ibeere adaṣe, ati diẹ sii.
O wa lori ohun elo Green Bridge
Gba ohun elo Green Bridge CBT sori foonu tabi kọmputa rẹ lati ri awọn akọsilẹ ẹkọ ni kikun, awọn ibeere adaṣe, ati diẹ sii.
Awọn Iwe Itọsọna Ti a Gba Nimọran
Ṣe Adaṣe Awọn Ibeere Idanwo Adaṣe
Ṣe o fẹ ṣe adaṣe awọn ibeere idanwo adaṣe nipa Income Statements:? Ṣe igbasilẹ ohun elo Green Bridge CBT lati wọle si awọn ibeere idanwo adaṣe ati awọn ayẹwo adaṣe kikun fun koko-ọrọ yii.
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