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Group: Doer Wonder Barrier Analysis Questionnaire: Calculating Profit and Loss for use with farmers that sell a portion of their crop1Behavior Statement Targeted farmers calculate their profit/loss
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How to fill out calculating profit and loss

01
To fill out calculating profit and loss, follow these steps:
02
Determine the revenue or total income for the period.
03
Subtract the cost of goods sold or direct expenses from the revenue to calculate the gross profit.
04
Calculate the operating expenses (such as rent, salaries, utilities, etc.) and subtract them from the gross profit to get the operating profit.
05
If there are any non-operating revenues (such as rental income, interest income, etc.), add them to the operating profit.
06
Subtract the non-operating expenses (such as interest expense, depreciation, etc.) from the above value.
07
The final result obtained is the net profit or net loss for the period.

Who needs calculating profit and loss?

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