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NATIONAL
SENIOR CERTIFICATEGRADE 12SEPTEMBER 2023TOURISMMARKS:200TIME:3 fourths question paper consists of 27 pages.2TOURISM(EC/SEPTEMBER 2023)INSTRUCTIONS AND INFORMATION
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How to fill out calculation of net profit
How to fill out calculation of net profit
01
Start by gathering all the revenue generated from sales of goods or services.
02
Subtract the cost of goods sold (COGS) from the total revenue to calculate the gross profit.
03
Deduct operating expenses, such as rent, salaries, and utilities, from the gross profit to get the operating profit.
04
Include any additional income or expenses, such as interest or taxes, to arrive at the net profit.
Who needs calculation of net profit?
01
Business owners and managers who want to assess the financial performance of their company.
02
Investors and shareholders who are interested in the profitability of a business.
03
Financial analysts who are evaluating the health and potential of a company.
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What is calculation of net profit?
The calculation of net profit is the process of determining the amount of profit a company has made after deducting all expenses from its total revenue.
Who is required to file calculation of net profit?
Businesses and companies are required to file calculation of net profit.
How to fill out calculation of net profit?
To fill out the calculation of net profit, one must gather revenue and expense information, deduct expenses from revenue, and report the resulting net profit amount.
What is the purpose of calculation of net profit?
The purpose of the calculation of net profit is to assess the financial performance of a business and determine its profitability.
What information must be reported on calculation of net profit?
Information such as revenue, expenses, taxes, and net profit amount must be reported on the calculation of net profit.
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